Finance – Chance For Rosi http://chance-for-rosi.org/ Mon, 01 Aug 2022 18:09:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 http://chance-for-rosi.org/wp-content/uploads/2021/05/chance-for-rosi-icon-150x150.png Finance – Chance For Rosi http://chance-for-rosi.org/ 32 32 KBRA Assigns Preliminary Ratings to Octane Receivables Trust 2022-2 http://chance-for-rosi.org/kbra-assigns-preliminary-ratings-to-octane-receivables-trust-2022-2/ Mon, 01 Aug 2022 18:09:00 +0000 http://chance-for-rosi.org/kbra-assigns-preliminary-ratings-to-octane-receivables-trust-2022-2/

NEW YORK–(BUSINESS WIRE)–KBRA assigns preliminary ratings to four categories of bonds issued by Octane Receivables Trust 2022-2 (“OCTL 2022-2”), an ABS powersports equipment loan transaction.

OCTL 2022-2 will issue four classes of notes totaling $300.0 million. The transaction is expected to be secured by approximately $317.0 million in fixed rate installment loans, made to preferred and non-preferred borrowers at the closing date. Preliminary ratings reflect initial levels of credit enhancement ranging from 29.55% for Class A Notes to 6.35% for Class D Notes.

Octane Lending, Inc. (“Octane” or the “Company”) offers direct consumer lending and indirect retail contracts through powersports and outdoor power equipment dealerships. Through its subsidiary, Roadrunner Financial, Inc. (“Roadrunner”), the Company began offering financing products in June 2016. Octane partners with over 40 original equipment manufacturer brands (“OEM”) and provides financing to customers who purchase Utility Vehicles (“UTVs”), All-Terrain Vehicles (“ATVs”), Cruisers, Sport Bikes, Personal Watercraft (“PWCs”), Lawnmowers, Dirt Bikes , golf carts, classic bicycles, trikes, scooters, snowmobiles, tractors and trailers. Octane’s customer base spans the full spectrum of credits and includes prime debtors and non-preferred debtors. The company is headquartered in New York, New York and services loans through its indirect subsidiary, Roadrunner Account Services, LLC (“RAS”), located in Irving, Texas.

KBRA applied its general global rating methodology for asset-backed securities and its global ABS rating methodology for auto loans, as well as its global structured finance counterparty methodology and its global ESG rating methodology as part of its analysis of the underlying collateral pool of the transaction, the proposed capital structure, Octane’s static pool historical data, 2008 Powersports Credit Bureau performance data used by Octane to benchmark its performance and data static on pool losses for comparable auto finance companies. KBRA reviewed its operational review of Octane, which was performed at its service center in Irving, Texas, as well as periodic update calls with the company. Operational agreements and legal opinions will be reviewed prior to closing.

Click on here to view the report. To access relevant notes and documents, click here.

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Disclosures

Further information on key credit considerations, sensitivity analyzes that consider factors that may affect these credit ratings and how they could lead to an upgrade or downgrade, and ESG factors (where they are a key factor in changing the credit rating or rating outlook) can be viewed in the full rating report mentioned above.

A description of all substantially significant sources that were used to prepare the credit rating and information on the methodology(ies) (including all significant models and sensitivity analyzes of key relevant rating assumptions, if any) used to determine the credit rating are available. in the information disclosure form(s) located here.

Information on the meaning of each rating category can be found here.

Additional information relating to this rating metric is available in the information disclosure form(s) referenced above. Additional information regarding KBRA’s policies, methodologies, grading scales and disclosures is available at www.kbra.com.

About KBRA

Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the United States Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a rating agency with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a rating agency with the UK Financial Conduct Authority under the temporary registration scheme. In addition, KBRA is designated as the Designated Rating Agency by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a credit rating provider.

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World Acceptance (NASDAQ:WRLD) PT lowered to $52.00 at BMO Capital Markets http://chance-for-rosi.org/world-acceptance-nasdaqwrld-pt-lowered-to-52-00-at-bmo-capital-markets/ Sat, 30 Jul 2022 13:12:46 +0000 http://chance-for-rosi.org/world-acceptance-nasdaqwrld-pt-lowered-to-52-00-at-bmo-capital-markets/

Worldwide Acceptance (NASDAQ:WRLD – Get a rating) had its price target lowered by BMO Capital Markets from $57.00 to $52.00 in a research report released Friday to clients and investors, Fly reports. BMO Capital Markets’ price target indicates a potential downside of 52.97% from the company’s current price.

A number of other brokerages have also weighed in on WRLD recently. Stephens cut his price target on World Acceptance shares from $159.00 to $105.00 and set an “underweight” rating on the stock in a research report on Thursday. StockNews.com upgraded global acceptance from a “hold” rating to a “buy” rating in a Monday, May 2 report. Finally, TheStreet downgraded the global acceptance from a “b-” grade to a “c+” grade in a Thursday, May 12 research note.

Global acceptance trade down 3.5%

WRLD stock opened at $110.56 on Friday. The company has a quick ratio of 15.36, a current ratio of 15.36 and a leverage ratio of 1.86. The company has a market capitalization of $694.43 million, a price-earnings ratio of 13.02 and a beta of 1.56. The company has a fifty-day simple moving average of $121.43 and a 200-day simple moving average of $167.01. World Acceptance has a 52-week minimum of $98.96 and a 52-week maximum of $265.75.

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Worldwide Acceptance (NASDAQ:WRLD – Get a rating) last announced its quarterly results on Wednesday, July 27. The credit service provider reported ($1.53) EPS for the quarter, missing the consensus estimate of $0.85 per ($2.38). World Acceptance had a return on equity of 13.42% and a net margin of 9.26%. During the same period last year, the company achieved EPS of $2.44. On average, equity research analysts expect World Acceptance to post EPS of 5.23 for the current year.

Institutional investors weigh on global acceptance

Several hedge funds and other institutional investors have recently changed their holdings of WRLD. CWM LLC acquired a new stock position in World Acceptance in Q4 worth approximately $48,000. Cooper Creek Partners Management LLC acquired a new equity stake in World Acceptance during the fourth quarter valued at $225,000. Jane Street Group LLC purchased a new stock position in World Acceptance in Q1 for approximately $225,000. Hsbc Holdings PLC acquired a new position in shares of World Acceptance in Q1 worth approximately $229,000. Finally, Everence Capital Management Inc. acquired a new equity stake in World Acceptance during Q1 worth approximately $234,000. Institutional investors hold 85.05% of the company’s shares.

About Global Acceptance

(Get a rating)

World Acceptance Corporation, together with its subsidiaries, is engaged in the small loan consumer finance business. The company offers short-term, small-payment loans, medium-term, larger-payment loans, related credit insurance, and ancillary products and services to individuals. It also provides automobile club memberships to its borrowers; and electronic tax return preparation and filing services.

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BAFN Dividend announcement $0.0800/share 07/28/2022 http://chance-for-rosi.org/bafn-dividend-announcement-0-0800-share-07-28-2022/ Thu, 28 Jul 2022 18:23:11 +0000 http://chance-for-rosi.org/bafn-dividend-announcement-0-0800-share-07-28-2022/

BayFirst Financial Corp (NASDAQ:BAFN) declared on 07/28/2022 a dividend of $0.0800 per share payable on September 15, 2022 to shareholders of record as of September 01, 2022.

BayFirst Financial Corp (NASDAQ: BAFN) has been paying dividends since 2016, has a current dividend yield of 1.6710182428% and has increased dividends for 1 consecutive years.

The market capitalization of BayFirst Financial Corp is $76,063,800 and has a PE ratio of 5.04. The stock price closed yesterday at $19.15 and has a 52-week low/high of $15.45 and $32.50.

BayFirst Financial is a bank holding company. Through its wholly owned subsidiary, First Home Bank (the Bank), Co. provides a variety of community banking services through its banking centers located in St. Petersburg, Seminole, Pinellas Park, Clearwater, Sarasota and Tampa, FL . The Bank’s main deposit products are demand deposits, NOW accounts, money market accounts, savings deposits and term deposits, and its main lending products are residential, commercial and commercial mortgages. temperament. In addition, Co. provides nationwide lending services to small business customers. Co. has two segments to present: banks and residential mortgages.

For more information on BayFirst Financial Corp, click here.

BayFirst Financial Corp’s current dividend information as of the date of this press release is:

Dividend declaration date: July 28, 2022
Ex-dividend date: August 31, 2022
Dividend record date: September 01, 2022
Dividend payment date: September 15, 2022
Dividend amount: $0.0800

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Comparison of Peoples Financial (OTCMKTS: PFBX) and Berkshire Bancorp (OTCMKTS: BERK) http://chance-for-rosi.org/comparison-of-peoples-financial-otcmkts-pfbx-and-berkshire-bancorp-otcmkts-berk/ Tue, 26 Jul 2022 05:27:18 +0000 http://chance-for-rosi.org/comparison-of-peoples-financial-otcmkts-pfbx-and-berkshire-bancorp-otcmkts-berk/

Peoples Financial (OTCMKTS: PFBXGet a rating) and Berkshire Bancorp (OTCMKTS: BERKGet a rating) are both small cap finance companies, but which business is superior? We’ll compare the two companies based on their risk strength, valuation, institutional ownership, earnings, dividends, profitability, and analyst recommendations.

Valuation and benefits

This table compares earnings, earnings per share (EPS), and valuation of Peoples Financial and Berkshire Bancorp.

Gross revenue Price/sales ratio Net revenue Earnings per share Price/earnings ratio
Peoples Financial $26.76 million 2.59 $8.58 million $1.07 13.83
Berkshire Bancorp $20.05 million 7.61 $2.70 million N / A N / A

Peoples Financial has higher revenues and profits than Berkshire Bancorp.

Insider and Institutional Ownership

11.4% of Peoples Financial shares are held by institutional investors. 28.1% of Peoples Financial stock is held by insiders of the company. By comparison, 70.4% of Berkshire Bancorp’s stock is held by insiders of the company. Strong institutional ownership indicates that endowments, hedge funds, and large fund managers believe a stock will outperform the market over the long term.

Profitability

This table compares the net margins, return on equity and return on assets of Peoples Financial and Berkshire Bancorp.

Net margins Return on equity return on assets
Peoples Financial 19.02% 5.79% 0.61%
Berkshire Bancorp N / A N / A N / A

Analyst Recommendations

This is a breakdown of recent ratings from Peoples Financial and Berkshire Bancorp, provided by MarketBeat.

Sales Ratings Hold odds Buy reviews Strong buy odds Rating
Peoples Financial 0 0 0 0 N / A
Berkshire Bancorp 0 0 0 0 N / A

Volatility and risk

Peoples Financial has a beta of 0.51, which means its stock price is 49% less volatile than the S&P 500. In comparison, Berkshire Bancorp has a beta of 0.04, which means its stock price is 96% less volatile than the S&P 500.

Summary

Peoples Financial beats Berkshire Bancorp on 7 out of 9 factors compared between the two stocks.

About Peoples Financial

(Get a rating)

Peoples Financial Corporation operates as a bank holding company for The Peoples Bank which provides banking, financial and trust services to government entities, individuals and small businesses and commercial enterprises in Mississippi. It accepts various deposits, such as interest-bearing and interest-free checking accounts, savings accounts, certificates of deposit, and individual retirement accounts (IRAs). The company also offers business, commercial, real estate, construction, personal and installment loans; and personal trusts, estate agencies and services, including living and testamentary trusts, executors, guardianships and guardianships. Additionally, it provides self-directed IRAs; and managing escrow, stock transfer and bond payment agency accounts to corporate clients. In addition, the Company offers various other services including safe deposit box rental, wire transfers, night deposit facilities, collection, cash management and internet banking. As of December 31, 2021, the company operated through 17 branches located in Harrison, Hancock, Jackson and Stone counties. It also has 28 ATMs in its branches, as well as other offsite and non-proprietary locations. The company was founded in 1896 and is based in Biloxi, Mississippi.

About Berkshire Bancorp

(Get a rating)

Berkshire Bancorp LogoBerkshire Bancorp Inc. operates as a banking holding company for Berkshire Bank which provides community banking services primarily to businesses, professionals and retail customers. The company offers savings statements, NOW, money market deposits and checking accounts, as well as certificates of deposit. It also provides commercial and industrial, commercial and residential real estate, multi-family real estate, construction and consumer loans, as well as mortgage and leasing services. Additionally, the company offers ATM and debit cards; safes; bill payment, collection, remote deposit capture and currency exchange services; and mobile, telephone and online banking. It operates through two branches located in Manhattan; four branches located in Brooklyn, New York; four branches located in Orange and Sullivan counties in New York State; and a branch located in Teaneck, New Jersey. Berkshire Bancorp Inc. was founded in 1871 and is headquartered in New York, New York.



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Synchrony Financial (NYSE:SYF) shares sold by Mutual of America Capital Management LLC http://chance-for-rosi.org/synchrony-financial-nysesyf-shares-sold-by-mutual-of-america-capital-management-llc/ Mon, 25 Jul 2022 10:11:18 +0000 http://chance-for-rosi.org/synchrony-financial-nysesyf-shares-sold-by-mutual-of-america-capital-management-llc/

Mutual of America Capital Management LLC reduced its holdings of Synchrony Financial shares (NYSE: SYFGet a rating) by 1.4% during the first quarter, HoldingsChannel reports. The fund held 142,177 shares of the financial services provider after selling 1,953 shares during the period. Mutual of America Capital Management LLC’s holdings in Synchrony Financial were worth $4,949,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also been buying and selling shares of the company recently. Blue Bell Private Wealth Management LLC acquired a new position in Synchrony Financial during the fourth quarter worth $30,000. CVA Family Office LLC acquired a new position in Synchrony Financial during the fourth quarter worth $30,000. Massmutual Trust Co. FSB ADV increased its holdings in Synchrony Financial by 115.7% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 964 shares of the financial services provider worth $45,000 after acquiring an additional 517 shares during the period. Andrew Hill Investment Advisors Inc. acquired a new position in Synchrony Financial during the fourth quarter worth $46,000. Finally, KRS Capital Management LLC acquired a new position in Synchrony Financial during the fourth quarter worth $46,000. Institutional investors and hedge funds own 98.26% of the company’s shares.

Analyst upgrades and downgrades

Several research companies have weighed in on SYF. StockNews.com downgraded Synchrony Financial from a “buy” rating to a “hold” rating in a Thursday, June 30 report. Stephens raised his target price on Synchrony Financial from $29.00 to $35.00 and gave the company an “equal weight” rating in a Tuesday, July 19 report. TheStreet downgraded Synchrony Financial from a ‘b-‘ rating to a ‘c+’ rating in a Tuesday, July 19 report. Keefe, Bruyette & Woods lowered their target price on Synchrony Financial from $59.00 to $46.00 in a Monday, July 11 report. Finally, Goldman Sachs Group raised its price target on Synchrony Financial from $40.00 to $45.00 and gave the company a “buy” rating in a Tuesday, April 19 report. One investment analyst gave the stock a sell rating, five gave the company a hold rating and eleven gave the company a buy rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.76.

Synchrony Financial Stock up 0.1%

Shares of NYSE: SYF opened at $32.68 on Monday. The stock’s fifty-day simple moving average is $31.79 and its 200-day simple moving average is $37.17. Synchrony Financial has a 52-week low of $27.22 and a 52-week high of $52.49. The company has a market capitalization of $16.39 billion, a P/E ratio of 4.77, a P/E/G ratio of 0.25 and a beta of 1.52. The company has a quick ratio of 1.18, a current ratio of 1.21 and a debt ratio of 0.96.

Synchrony Financial (NYSE: SYFGet a rating) last released its results on Monday, July 18. The financial services provider reported earnings per share of $1.60 for the quarter, beating the consensus estimate of $1.47 by $0.13. Synchrony Financial had a return on equity of 27.06% and a net margin of 22.76%. In the same quarter of the previous year, the company achieved EPS of $2.12. As a group, equity research analysts expect Synchrony Financial to post earnings per share of 5.64 for the current fiscal year.

Synchrony Financial said its board authorized a stock buyback program on Monday, April 18 that allows the company to repurchase $2.80 billion in outstanding stock. This repurchase authorization allows the financial services provider to purchase up to 13.6% of its shares through purchases on the open market. Stock buyback programs are usually a sign that a company’s management believes its stock is undervalued.

Synchrony Financial increases its dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 11. Investors of record on Monday August 1 will receive a dividend of $0.23 per share. The ex-dividend date is Friday, July 29. This is an increase from Synchrony Financial’s previous quarterly dividend of $0.22. This represents an annualized dividend of $0.92 and a yield of 2.82%. Synchrony Financial’s dividend payout ratio is 12.85%.

Synchrony financial profile

(Get a rating)

Synchrony Financial, together with its subsidiaries, operates as a consumer financial services company in the United States. It provides credit products, such as credit cards, commercial credit products and consumer installment loans. The company also offers private label credit cards, dual cards, co-branded and general purpose credit cards, short and long term installment loans and consumer banking products; and deposit products, including certificates of deposit, individual retirement accounts, money market accounts, and savings accounts for retail and commercial customers, as well as deposits through brokerage firms in third-party securities.

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Want to see what other hedge funds own SYF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Synchrony Financial (NYSE: SYFGet a rating).

Institutional ownership by quarter for Synchrony Financial (NYSE:SYF)



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Parallel Advisors LLC Reduces Equity Position in Waterstone Financial, Inc. (NASDAQ:WSBF) http://chance-for-rosi.org/parallel-advisors-llc-reduces-equity-position-in-waterstone-financial-inc-nasdaqwsbf/ Sat, 23 Jul 2022 08:38:51 +0000 http://chance-for-rosi.org/parallel-advisors-llc-reduces-equity-position-in-waterstone-financial-inc-nasdaqwsbf/

Parallel Advisors LLC reduced its position in Waterstone Financial, Inc. (NASDAQ: WSBFGet a rating) by 19.4% in the 1st quarter, HoldingsChannel.com reports. The institutional investor held 4,038 shares in the savings and loan company after selling 972 shares during the period. Parallel Advisors LLC’s holdings in Waterstone Financial were worth $78,000 when it last filed with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently changed their positions in WSBF. Allspring Global Investments Holdings LLC purchased a new stake in shares of Waterstone Financial during Q4 at a value of $3,546,000. Foundry Partners LLC increased its stake in shares of Waterstone Financial by 25.4% during the 4th quarter. Foundry Partners LLC now owns 252,435 shares of the savings and loan company valued at $5,518,000 after purchasing an additional 51,065 shares during the period. Alberta Investment Management Corp bought a new stake in shares of Waterstone Financial during the 4th quarter at a value of $1,062,000. Principal Financial Group Inc. bought a new stake in shares of Waterstone Financial during the 4th quarter at a value of $888,000. Finally, Los Angeles Capital Management LLC increased its stake in Waterstone Financial by 22.6% in the 4th quarter. Los Angeles Capital Management LLC now owns 143,799 shares of the savings and loan company worth $3,143,000 after acquiring 26,500 additional shares in the last quarter. 67.48% of the shares are currently held by institutional investors.

Waterstone Financial price performance

Shares of NASDAQ WSBF opened at $18.13 on Friday. The company has a market capitalization of $438.75 million, a P/E ratio of 7.92 and a beta of 0.41. The company has a quick ratio of 1.21, a current ratio of 1.34 and a debt ratio of 0.79. The stock’s 50-day simple moving average is $17.01 and its two-hundred-day simple moving average is $18.49. Waterstone Financial, Inc. has a 12-month low of $15.70 and a 12-month high of $22.74.

Waterstone Financial (NASDAQ: WSBFGet a rating) last announced its results on Thursday, April 21. The savings and loan company reported earnings per share of $0.23 for the quarter, missing analyst consensus estimates of $0.30 per ($0.07). The company had revenue of $41.68 million in the quarter, versus a consensus estimate of $47.00 million. Waterstone Financial had a return on equity of 12.56% and a net margin of 22.46%. As a group, equity analysts expect Waterstone Financial, Inc. to post EPS of 1.18 for the current fiscal year.

Waterstone Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 2. Shareholders of record on Monday, July 11 will receive a dividend of $0.20. This represents a dividend of $0.80 on an annualized basis and a dividend yield of 4.41%. The ex-dividend date is Friday, July 8. Waterstone Financial’s payout ratio is currently 34.93%.

Analyst upgrades and downgrades

Separately, StockNews.com upgraded Waterstone Financial from a “sell” to a “hold” rating in a Wednesday May 18 research note.

Waterstone Financial Company Profile

(Get a rating)

Waterstone Financial, Inc operates as a bank holding company for WaterStone Bank SSB which provides various financial services to customers in Southeast Wisconsin, USA. It operates in two segments, Community Banking and Mortgage Banking. The Community Banking segment offers personal and corporate banking products and services, such as deposit and transaction solutions, including checking accounts, online banking and bill payment services, money transfer services , as well as credit, debit and prepaid cards; investable fund solutions including savings, money market deposits, individual retirement accounts and certificates of deposit; residential mortgages, home equity loans and lines of credit, personal and installment loans, real estate financing, business loans and business lines of credit; and fixed and variable annuities, insurance products, and trust and investment management accounts.

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Want to see which other hedge funds own WSBF? Visit HoldingsChannel.com for the latest 13F documents and insider trading for Waterstone Financial, Inc. (NASDAQ: WSBFGet a rating).

Institutional ownership by quarter for Waterstone Financial (NASDAQ:WSBF)



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Keybank National Association OH sells 5,955 shares of Eagle Bancorp, Inc. (NASDAQ:EGBN) http://chance-for-rosi.org/keybank-national-association-oh-sells-5955-shares-of-eagle-bancorp-inc-nasdaqegbn/ Thu, 21 Jul 2022 10:42:50 +0000 http://chance-for-rosi.org/keybank-national-association-oh-sells-5955-shares-of-eagle-bancorp-inc-nasdaqegbn/

Keybank National Association OH reduced its stake in shares of Eagle Bancorp, Inc. (NASDAQ: EGBNGet a rating) by 39.8% during the first quarter, according to the company in its latest filing with the Securities and Exchange Commission. The fund held 9,005 shares of the financial services provider after selling 5,955 shares during the period. Keybank National Association OH’s holdings in Eagle Bancorp were worth $513,000 when it last filed with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently increased or reduced their stakes in the stock. Geode Capital Management LLC increased its holdings in Eagle Bancorp by 9.8% during the fourth quarter. Geode Capital Management LLC now owns 548,878 shares of the financial services provider worth $32,021,000 after purchasing an additional 48,783 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Eagle Bancorp by 1.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 280,614 shares of the financial services provider worth $16,372,000 after buying 3,917 additional shares in the last quarter. Epoch Investment Partners Inc. increased its holdings in Eagle Bancorp by 0.5% during the fourth quarter. Epoch Investment Partners Inc. now owns 210,437 shares of the financial services provider worth $12,277,000 after buying an additional 1,105 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Eagle Bancorp by 60.6% during the fourth quarter. JPMorgan Chase & Co. now owns 158,591 shares of the financial services provider worth $9,252,000 after buying an additional 59,870 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in Eagle Bancorp by 16.7% during the fourth quarter. First Trust Advisors LP now owns 133,297 shares of the financial services provider worth $7,777,000 after buying an additional 19,067 shares in the last quarter. Institutional investors hold 73.83% of the company’s shares.

Eagle Bancorp trades up 0.8%

NASDAQ: EGBN opened at $49.05 on Thursday. Eagle Bancorp, Inc. has a fifty-two week low of $44.85 and a fifty-two week high of $63.84. The company has a debt ratio of 0.06, a current ratio of 0.80 and a quick ratio of 0.80. The stock has a market capitalization of $1.57 billion, a PE ratio of 8.74 and a beta of 0.96. The company’s 50-day simple moving average is $47.87 and its 200-day simple moving average is $54.34.

Eagle Bancorp (NASDAQ: EGBNGet a rating) last released its quarterly earnings data on Wednesday, April 20. The financial services provider reported earnings per share of $1.42 for the quarter, beating the consensus estimate of $1.06 by $0.36. Eagle Bancorp had a return on equity of 13.63% and a net margin of 45.21%. The company posted revenue of $87.91 million for the quarter, compared to $86.40 million expected by analysts. In the same quarter a year earlier, the company posted EPS of $1.36. Sell-side analysts expect Eagle Bancorp, Inc. to post earnings per share of 4.89 for the current fiscal year.

Eagle Bancorp increases its dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 29. Shareholders of record on Monday, July 11 will receive a dividend of $0.45 per share. This represents an annualized dividend of $1.80 and a dividend yield of 3.67%. The ex-dividend date is Friday, July 8. This is a boost from Eagle Bancorp’s previous quarterly dividend of $0.40. Eagle Bancorp’s payout ratio is 32.26%.

Analysts set new price targets

Separately, StockNews.com began covering Eagle Bancorp in a report on Thursday, March 31. They have placed a “holding” rating on the stock.

About Eagle Bancorp

(Get a rating)

Eagle Bancorp, Inc operates as a bank holding company for EagleBank which provides commercial and consumer banking services primarily in the United States. The Company also offers various consumer and commercial loan products including commercial loans for working capital, equipment purchase, home equity lines of credit and government contract financing; asset-based lending and accounts receivable financing; construction loans and commercial real estate; commercial equipment financing; consumer home equity lines of credit, personal lines of credit and term loans; consumer installment loans, such as car and personal loans; personal credit cards; and residential mortgages.

See also

Want to see which other hedge funds hold EGBN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Eagle Bancorp, Inc. (NASDAQ: EGBNGet a rating).

Institutional ownership by quarter for Eagle Bancorp (NASDAQ:EGBN)



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C&F Financial (NASDAQ:CFFI) shares drop below the two-hundred-day moving average of $50.33 http://chance-for-rosi.org/cf-financial-nasdaqcffi-shares-drop-below-the-two-hundred-day-moving-average-of-50-33/ Sat, 16 Jul 2022 05:58:47 +0000 http://chance-for-rosi.org/cf-financial-nasdaqcffi-shares-drop-below-the-two-hundred-day-moving-average-of-50-33/

C&F Financial Co. (NASDAQ: CFFIGet a rating) the stock price fell below its 200-day moving average during Friday’s session. The stock has a 200-day moving average of $50.33 and is trading as low as $46.05. C&F Financial shares last traded at $46.05, with volume traded at 904 shares.

Wall Street analysts predict growth

Separately, StockNews.com launched a hedge on C&F Financial shares in a research note on Friday, July 8. They set a “buy” rating on the stock.

Performance of C&F financial stocks

The company has a market capitalization of $163.02 million, a price-earnings ratio of 6.05 and a beta of 0.48. The stock’s 50-day moving average price is $48.71 and its two-hundred-day moving average price is $50.33. The company has a current ratio of 0.86, a quick ratio of 0.84 and a debt ratio of 0.28.

C&F Financial (NASDAQ: CFFIGet a rating) last released its quarterly earnings data on Thursday, April 21. The financial services provider reported EPS of $1.57 for the quarter. The company had revenue of $27.21 million for the quarter. C&F Financial posted a net margin of 20.26% and a return on equity of 13.14%.

C&F Financial announces dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 1. Investors of record on Wednesday, June 15 received a dividend of $0.40. The ex-dividend date was Tuesday, June 14. This represents a dividend of $1.60 on an annualized basis and a yield of 3.47%. C&F Financial’s payout ratio is 21.02%.

Insider Activity at C&F Financial

Separately, director James H. Hudson III sold 2,200 shares in a trade dated Thursday, May 5. The shares were sold at an average price of $51.01, for a total value of $112,222.00. Following the sale, the director now directly owns 11,627 shares of the company, valued at approximately $593,093.27. The sale was disclosed in a filing with the SEC, which is available via this hyperlink. 6.40% of the shares are held by company insiders.

Institutional investors weigh in on C&F Financial

Several hedge funds have recently changed their CFFI holdings. Advisor Group Holdings Inc. increased its stake in C&F Financial shares by 0.7% during the 4th quarter. Advisor Group Holdings Inc. now owns 55,461 shares of the financial services provider worth $2,839,000 after buying an additional 400 shares in the last quarter. LSV Asset Management increased its stake in C&F Financial shares by 2.3% in the 1st quarter. LSV Asset Management now owns 38,267 shares of the financial services provider worth $1,918,000 after buying an additional 851 shares in the last quarter. Dimensional Fund Advisors LP increased its holding in shares of C&F Financial by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 185,674 shares of the financial services provider worth $9,304,000 after buying 681 additional shares in the last quarter. Dakota Wealth Management bought a new stock position in C&F Financial during Q1 for a value of approximately $651,000. Finally, State Street Corp increased its stake in C&F Financial shares by 11.0% in the 1st quarter. State Street Corp now owns 9,486 shares of the financial services provider worth $479,000 after acquiring 941 additional shares during the period. 27.58% of the shares are held by institutional investors and hedge funds.

About C&F Financial

(Get a rating)

C&F Financial Corporation operates as a bank holding company for Citizens and Farmers Bank which provides retail and business banking services. The Company’s retail banking offers various banking services, including checking accounts and savings deposit accounts, as well as business, real estate, development, mortgage, home equity and installment loans.

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CURO completes the acquisition of First Heritage Credit and increases its financing capacity http://chance-for-rosi.org/curo-completes-the-acquisition-of-first-heritage-credit-and-increases-its-financing-capacity/ Wed, 13 Jul 2022 20:41:00 +0000 http://chance-for-rosi.org/curo-completes-the-acquisition-of-first-heritage-credit-and-increases-its-financing-capacity/

WICHITA, Kan.–(BUSINESS WIRE)–CURO Group Holdings Corp. (NYSE: CURO) (“CURO”), a technology-driven, omnichannel consumer finance company serving unpreferred and blue-chip consumers in the United States and Canada, today announced that it has completed its previously announced acquisition of First Heritage Credit (“FHC”), a consumer lender that provides prime installment loans as well as customary optional insurance and other financial products, based in Ridgeland, Mississippi, for a total purchase price of $140 million in cash.

“The closing of this transaction, coupled with the recent sale of our U.S. direct lending business, represents the successful completion of the transformation of our U.S. direct lending business into a premier installment lender offering larger loans,” said Don Gayhardt, Managing Director. CURO officer. “As we look to our future, we are excited about the opportunities to strategically transition to providing longer-term, higher-balance, lower-rate credit products, which will simplify and improve the predictability of our business results. while improving and expanding access to lower cost debt capital.

Concurrent with the closing of the acquisition, CURO and its subsidiaries entered into a new $225 million non-recourse revolving warehouse facility to replace FHC’s historical lender and fund future loans originated by FHC. This new two-year facility will support FHC’s accelerated loan growth.

Advisors

King & Spalding LLP acted as legal counsel to CURO on the acquisition. Stephens Inc. acted as financial advisor and Butler Snow LLP acted as legal advisor to FHC in connection with the sale.

Forward-looking statements

This press release contains forward-looking statements. These forward-looking statements include statements regarding projections, estimates and assumptions regarding the impact of transactions on us, including our belief that the transformation will simplify and improve the predictability of our business results while improving and broadening access to loan capital at lower cost. In addition, words such as “future”, “opportunities”, “will” and variations of these similar words and expressions are intended to identify forward-looking statements. The ability to make these forward-looking statements is based on certain assumptions, judgments and other factors, both within our control and beyond our control, that could cause actual results to differ materially from those contained in the forward-looking statements, including including: failure to realize the anticipated benefits of the proposed transactions; risks related to the uncertainty of forecast financial information; the effects of competition on the Company’s future business; our ability to attract and retain customers; market, financial, political and legal conditions; the impact of the COVID-19 pandemic or any other global event on the Company’s business and the global economy; our dependence on third-party lenders to provide the liquidity we need to fund our loans and our ability to access affordable third-party funding; errors in our internal forecasts; our level of indebtedness; our ability to integrate acquired businesses; the actions of regulators and the negative impact of those actions on our business; our ability to protect our proprietary technology and analytics and to track those of our competitors; disruption of our information technology systems that adversely affects our business operations; inefficient pricing of the credit risk of our potential or existing customers; inaccurate information provided by customers or third parties which could lead to errors in the assessment of customers’ qualifications to receive loans; improper disclosure of personal customer data; the failure of third parties who provide products, services or support to us; any failure of third-party lenders that we rely on to conduct our business in certain states; disruption of our relationships with banks and other third-party electronic payment solution providers; and other factors discussed in our filings with the Securities and Exchange Commission. These projections, estimates and assumptions may prove to be inaccurate in the future. These forward-looking statements are not guarantees of future performance and involve known and unknown risks and uncertainties that are difficult to predict with respect to timing, extent, likelihood and degree of occurrence. There may be additional risks not currently known to us or that we currently believe are not material that could also cause actual results to differ from those contained in the forward-looking statements. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements to predict actual future results. We undertake no obligation to update, change or clarify any forward-looking statement for any reason.

About CURO

CURO Group Holdings Corp. (NYSE: CURO) is a full-spectrum consumer credit lender serving US and Canadian customers for over 25 years. Our roots in the consumer credit market run deep. We have worked diligently to provide our clients with a variety of convenient and easily accessible financial services. Our decades of alternative data powers a hard-to-replicate underwriting and rating engine, mitigating risk across the full spectrum of credit products. We operate a number of brands, including Cash Money®, LendDirect®, Flexiti®, Opt+®, Revolve Finance®, Heights Finance, Southern Finance, Covington Credit, Quick Credit, First Phase and First Heritage Credit.

About Premier Legacy Credit

Headquartered in Ridgeland, Mississippi, with offices and branches in Alabama, Louisiana, Mississippi, South Carolina and Tennessee, First Heritage Credit offers short and long-term personal loans designed to provide its customers with a convenient and reliable source. for extra money when they need it.

For more information, visit https://www.1stheritagecredit.com/.

(CURO-NWS)

]]> Costco CEO confirms his hot dogs won’t face a price hike after rumors swirl about the fate of the retailer’s signature snack http://chance-for-rosi.org/costco-ceo-confirms-his-hot-dogs-wont-face-a-price-hike-after-rumors-swirl-about-the-fate-of-the-retailers-signature-snack/ Tue, 12 Jul 2022 10:21:55 +0000 http://chance-for-rosi.org/costco-ceo-confirms-his-hot-dogs-wont-face-a-price-hike-after-rumors-swirl-about-the-fate-of-the-retailers-signature-snack/

Costco CEO Craig Jelinek said CNBC in an interview on Monday that the price of Costco hot dogs will not be increased despite rumors to the contrary.

When asked by a CNBC reporter if the rumors circulating online about a price hike were true, Jelinek simply replied, “No.”

Jelinek had already spoken on the matter, in January 2020, when he assured shareholders that he was committed to the combined price, would have said Stakeholders: We have no intention of selling this hot dog above $150. End of the story. The company’s senior vice president, Robert Nelson, made a similar comment in May.

However, as inflation continued to soar and Costco raised the price of other food court favorites, speculation about the hot dogs began to grow, apparently prompting Jelinek to comment again.

Costco did not immediately respond to Insider’s request for comment.

The company has repeatedly pledged to maintain hot dog prices over the years.

The Costco founder once told Jelinek, who reportedly complained about the food combo losing the company’s money, “If you increase the [price of the] effing hot dog, I’ll kill you,” according to one 2018 Mental Silk Article which has made the rounds online recently.

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