Bancorp Blue Foundry (NASDAQ:BLFY – Get a rating) was raised by TheStreet research analysts from a “d+” rating to a “c-” rating in a research note published on Monday, TheStreetRatingsTable reports. Separately, Keefe, Bruyette & Woods began covering Blue Foundry Bancorp shares in a research report on Monday, August 29. They set a “market performance” […]]]>Bancorp Blue Foundry (NASDAQ:BLFY – Get a rating) was raised by TheStreet research analysts from a “d+” rating to a “c-” rating in a research note published on Monday, TheStreetRatingsTable reports.
Separately, Keefe, Bruyette & Woods began covering Blue Foundry Bancorp shares in a research report on Monday, August 29. They set a “market performance” rating and a price target of $13.25 for the company.
Blue Foundry Bancorp shares down 1.1%
Shares of NASDAQ:BLFY opened at $12.96 on Monday. The company has a market capitalization of $361.35 million, a price-earnings ratio of -19.06 and a beta of 0.35. Blue Foundry Bancorp has a 12-month low of $11.01 and a 12-month high of $15.47. The company has a 50-day moving average price of $11.92 and a 200-day moving average price of $11.84. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt ratio of 0.74.
Institutional investors weigh in on Blue Foundry Bancorp
A number of institutional investors have recently changed their holdings in BLFY. Price T Rowe Associates Inc. MD increased its stake in Blue Foundry Bancorp by 0.9% during the second quarter. Price T Rowe Associates Inc. MD now owns 2,770,978 shares of the company valued at $33,224,000 after acquiring an additional 24,344 shares during the period. Vanguard Group Inc. increased its stake in shares of Blue Foundry Bancorp by 3.4% in the third quarter. Vanguard Group Inc. now owns 1,493,767 shares of the company worth $16,656,000 after acquiring 49,106 additional shares in the last quarter. Driehaus Capital Management LLC increased its position in shares of Blue Foundry Bancorp by 2.8% during the second quarter. Driehaus Capital Management LLC now owns 1,402,031 shares of the company worth $16,810,000 after acquiring an additional 37,956 shares during the period. Essex Financial Services Inc. increased its position in shares of Blue Foundry Bancorp by 1.9% during the third quarter. Essex Financial Services Inc. now owns 593,009 shares of the company worth $6,612,000 after acquiring an additional 11,050 shares during the period. Finally, rhino investment partners Inc increased its stake in Blue Foundry Bancorp by 768.3% in the second quarter. Rhino Investment Partners Inc now owns 573,003 shares of the company valued at $6,870,000 after purchasing an additional 507,012 shares during the period. 43.55% of the shares are held by institutional investors and hedge funds.
About Blue Foundry Bancorp
Blue Foundry Bancorp operates as a bank holding company for Blue Foundry Bank, a savings bank that offers various retail and corporate banking products and services. The company offers deposits; and loans, such as one to four family residential properties, home equity, commercial, multi-family, construction, commercial and industrial real estate, and other consumer loans, as well as margins of home equity loan.
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MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five actions that top analysts are quietly whispering to their clients to buy now before the market spreads…and Blue Foundry Bancorp was not on the list.
While Blue Foundry Bancorp currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
The NAB warns of the dangers of payday loans as more Aussies turn to ‘quick-take’ loans to meet the rising cost of living. A new NAB study released today finds that one in 10 Australians facing financial hardship have accessed a payday loan in the past three months. Payday loans were the third most common […]]]>The NAB warns of the dangers of payday loans as more Aussies turn to ‘quick-take’ loans to meet the rising cost of living.
A new NAB study released today finds that one in 10 Australians facing financial hardship have accessed a payday loan in the past three months.
Payday loans were the third most common type of debt used to manage financial difficulties in the third quarter, behind credit cards and borrowing from friends and family (used by one in three people).
As Christmas approaches, NAB Customer Vulnerability Manager Mike Chambers has warned against using payday loans to manage the extra expenses people may face.
“Christmas can be a financially stressful time for many people and in the face of financial stress it can be tempting to try and find a quick fix to manage costs,” Chambers said.
“Payday loans can seem like an attractive option, as they are often instant and have low credit checks in place, making them more accessible to people in dire straits.
“What people don’t realize is that there are often many hidden costs associated with loans, in addition to higher interest and late payment fees.”
According to information from NAB Q3, payday loans are the most stressful of all debts for Australians (with a score of 64.2 pts), ahead of loans from family and friends (57.3 pts), personal loans (51.9 pts) and home loans (51.7 pts) . On average, Australians owed $6,200 in payday loans over the past three months.
Mr Chambers said an interest-free loan, through organizations like Good Shepherd, was a more sustainable option for people who need to finance things like essentials, cars or products whites.
NAB provides the capital for Good Shepherd’s interest-free loans and has supported over 68,000 low-income Australians with $47 million in loans over the past 12 months.
Mr Chambers recommended customers struggling with payday loans contact their bank.
“A call to your bank is the best first step to discuss the possibility of a loan payment break, a reduced payment plan, or access to an independent financial adviser,” Chambers said.
“Our NAB Assist team recently spoke with a client who had nine different payday loans and was struggling to keep up with debt repayments. We were able to tailor a solution and are confident we can help them pass to the other side.
“No matter how bad a situation may seem, there is help available that will put you in a stronger financial position in the long run.
“About 97% of clients who contact us early when facing financial hardship recover within 90 days.”
Further information:
- Ask for help in case of financial difficulties by NAB-Assist.
- To access independent financial advisers, contact Debt Helpline on 1800 007 007 or moneysmart.gov.au.
A lack of liquidity has widened the gap between investors buying and selling Treasuries, creating wild swings in bond yields. This change means more volatility, with rate-sensitive growth stocks vulnerable as borrowing costs rise after a series of recent rate hikes by the Federal Reserve (Fed). But the CEO of a Washington, DC-based fintech company […]]]>A lack of liquidity has widened the gap between investors buying and selling Treasuries, creating wild swings in bond yields.
This change means more volatility, with rate-sensitive growth stocks vulnerable as borrowing costs rise after a series of recent rate hikes by the Federal Reserve (Fed). But the CEO of a Washington, DC-based fintech company that operates an online investing platform says liquidity issues are affecting the economy far beyond bonds.
Ben Miller, who oversees the real estate crowdfunding platform Fund raising, estimates that the US economy is heading for a potentially catastrophic liquidity crisis. Banks that provide home loans cannot cover interest rates that have doubled, he said.
“The natural instinct is to see the borrower as the source of defaults, but there are circumstances where the borrower doesn’t default, but the intermediary lenders who took out the loans and raised them will eventually do default,” Miller said.
Miller also believes that lenders who borrow against their own loans will not be able to withstand soaring interest rates and will be especially susceptible to liquidity issues.
On his Fundrise “Onward” podcast, Miller explained what he thinks is the cause of what will be a national liquidity problem. Among his observations:
- $5 trillion in asset-backed loans now exist outside banks with far more debt and far less liquidity than before. Corporate borrowers are 300% more indebted than before the 2008 financial crisis.
- All companies with a home loan due in the next few years have “a lot more debt in the system than people thought.”
- Many unregulated non-bank lenders, mortgage real estate investment trusts, private equity funds, commercial mortgage-backed securities, residential mortgage-backed securities and secured loan obligations are involved in making loans that banks do not can’t cover.
- “I have met with some of the biggest banks in the world who have told me they have no cash” due to rising interest rates, Miller said. “It will play out. The question is, how bad will it be? »
- Small businesses are going to have a problem with all types of loans, including consumer loans, auto loans, business loans, and home loans. The biggest borrower of all is this hidden borrower, who is actually the lender.
- Retail businesses and offices will hit a wall. Offices were the most popular institutional asset class. “What’s going to happen, I believe, is that office and retail will become unfinanceable, and when a loan comes due, there won’t be any money left for it,” Miller said. “Working from home has made a lot of office space obsolete.”
Miller’s observations are not all catastrophic. He noted that banks “hated” the Dodd-Frank Wall Street Reform and Consumer Protection Act enacted after the 2010 recession, but said he believed it would “save them by limiting the amount of the leverage they can provide”.
He also states that the big difference between now and the 2008 recession was that there were a lot of bad debts. Now, however, there are mostly good loans, especially in the regulated part of the market.
“There’s no credit problem like last time,” Miller said.
For investors, Miller says residential and rental real estate — particularly in the Sun Belt — as well as industrial real estate are resisting a downturn.
“I think housing will be a beacon of hope and will fall a bit but a lot less than expected,” Miller said. “Doomsday predictions (for residential real estate) are overblown. It’s not like 2008 when we had a lot of short-term ARMs (adjustable rate mortgages) and bridging products with individual borrowers.”
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Harris Capital Mortgage Group offers simple home financing ideas and makes family dreams come true one loan at a time. Lamont Harris, the founder of HCMG, presents an ultimate way to home financing by Harris Capital Mortgage Group. The company works exceptionally to meet the desires of its customers because the company understands the value […]]]>Harris Capital Mortgage Group offers simple home financing ideas and makes family dreams come true one loan at a time.
Lamont Harris, the founder of HCMG, presents an ultimate way to home financing by Harris Capital Mortgage Group. The company works exceptionally to meet the desires of its customers because the company understands the value of each customer and their personal stories. The company owner is expanding its operations to different other states like Alabama, Mississippi, Michigan, and Louisiana in December 2022.
Lamont Harris founded the company that the real world mortgage process mimics a sequential building system. The company allows its clients to work with a small group that is built for the client’s specific loan needs. HCMG has also expanded its operations to Houston, TX with a brand new state-of-the-art office that incorporates amenities like a state-of-the-art fitness center and on-property daycare.
Harris Capital Mortgage Group not only works in real estate financing and helps develop a dream family home, but the company also focuses on financial education and betterment awareness for minorities and veterans in communities. . The owner works and intends to serve communities through mortgage training or financial education by creating opportunities to increase property in underserved areas and grow, adding 200 loan officers during of the 4th quarter of 2022 alone.
Harris and HCMG intend to expand local outreach projects and are recently working on a new FLAG project, which is a non-profit organization that provides opportunities for young people and adults in local communities. FLAG stands for Financial Literacy Awareness Group, the group that provides different seminars and local outreach to elementary through high school students and has now expanded to colleges. FLAG, particularly focuses on raising awareness of the values and principles of home ownership as well as the “How to” for everything related to the world of finance. It allows young people and adults to understand the principles of buying a home and to understand credit scores and the importance of balancing financial records as well. Mr. Harris believes that servitude spawned gratitude and that gratitude creates opportunity.
Lamont Harris has further cultivated partnerships with the Southern Nevada Veterans Chamber of Commerce and has also formed strategic alliances with professional and collegiate sports teams to provide financial and mortgage education to professional athletes and students.
Inclusive plus, on November 4, 2022, Lamont Harris announced that in 2023 Harris Capital Mortgage Group will be focusing on over 270 community events that will also focus on home education, training and financial literacy.
About Harris Capital Mortgage Group:
Harris Capital Mortgage Group is a company founded by Lmaonnt Harris in October 2019. The company started small but now has 70 employees in 8 states and continues to grow. HCMG has specialist residential mortgage exchanges like purchase, refinance or reverse mortgages. The company offers tailored loans to meet customers’ financial needs and help them through the application process.
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Company Name: Harris Capital Mortgage Group
Contact person: Lamont Harris Jr.
E-mail: Send an email
Country: United States
Website: https://www.harriscapitalmortgage.com/
By Philippe van Doorn Also, inflation and market rebound; the rise in semiconductor stocks; and retirement planning The sudden collapse of FTX, the world’s third-largest cryptocurrency exchange, underscores how important it is for any investor to know the risks taken when money is parked with a loosely regulated company. FTX and its affiliates filed for […]]]>
By Philippe van Doorn
Also, inflation and market rebound; the rise in semiconductor stocks; and retirement planning
The sudden collapse of FTX, the world’s third-largest cryptocurrency exchange, underscores how important it is for any investor to know the risks taken when money is parked with a loosely regulated company.
FTX and its affiliates filed for bankruptcy on November 11. Sam Bankman-Fried resigned as CEO and was replaced by John J. Ray III, an attorney who worked on the bankruptcies of Enron, Nortel Networks, and many other companies.
Bankman-Fried is staying with FTX “to help with an orderly transition,” according to a press release:
Bahamas-based FTX held about $16 billion in client assets but lent about $10 billion to Alameda Research, a Hong Kong-based trading firm also run by Bankman-Fried, according to a Wall Street Journal report. . Alameda, in turn, had lent billions of dollars, some of which was secured by FTT, a cryptocurrency created by FTX, according to a Nov. 2 report from CoinDesk.
FTT’s value plummeted as FTX faced $5 billion in customer withdrawal requests last weekend, which left FTX facing an $8 billion shortfall, according to Bankman -Fried. Binance, the world’s largest crypto exchange, had said it was selling its $500 million in FTT based on reports of FTX lending to Alameda.
In this week’s Distributed Ledger column, Frances Yue summarizes FTX’s collapse, rescue attempts and industry reaction.
Weston Blasi sums up FTX CEO Sam Bankman-Fried’s shocking claim that he was unaware of FTX’s leverage risk, including an apparent lack of basic financial controls.
More coverage and differing opinions as this story develops:
The rise and fall of Sam Bankman-Fried
Lukas I. Alpert recounts the rapid rise of Sam Bankman-Fried, founder of FTX and Alameda Research, and the instant collapse of his businesses.
More: Crypto billionaire Sam Bankman-Fried’s net worth could drop by more than $13 billion
What does the crypto crash mean for the health of financial markets?
MarketWatch’s Need to Know column is an early morning roundup of the top issues of concern for investors each trading day.
On Nov. 10, as FTX quickly broke apart, Thomas H. Kee Jr., CEO of Stock Traders Daily and portfolio manager at Equity Logic, described how a drop in excess liquidity reversed the cryptocurrency trend. and riskier stocks. He explained how this could play out in the broader stock market.
He also shared the buying opportunities prompted by this year’s declines.
Bitcoin’s volatility may not be as great as you think
Bitcoin itself does not represent the type of risk that FTX and Alameda Research have taken – accepting a virtual coin as collateral for billions of dollars in loans. But it sure is volatile.
On Nov. 10, better-than-expected inflation numbers helped push the price of bitcoin up 11% to $17,524. But then bitcoin fell 6% early Friday to $16,527. At that time, bitcoin was down 64% from the end of 2021. Yet it was up 150% from five years earlier.
So how volatile is bitcoin? Mark Hulbert came to this conclusion, which may surprise you.
What’s really going on with inflation?
Investors were delighted after inflation figures for October came in below expectations, sending broad equity indices up on November 10.
As usual, the devil is in the details. Here is a set of more in-depth reviews of inflation data:
How to handle company stocks if you lose your job
It’s an uncertain time, even for the biggest tech companies that had been steadily increasing their workforces for years.
This week, Meta Platforms (META), Facebook’s parent company, began laying off about 11,000 workers. Amazon.com (AMZN) is looking at spending on unprofitable units. The biggest business expense is still the employees.
Often, when an employee is fired, they still hold options on their former employer’s stock. Here’s how to handle this situation.
Semiconductor stocks may have started to rebound
The iShares Semiconductor (SOXX) ETF tracks the PHLX Semiconductor Index by holding shares of 30 major manufacturers of computer chips or related hardware. The ETF is down 45% from 2022 to October 14, but up 23% from there, including a 10% increase on November 10.
The post-CPI euphoria could prove to be another bear market rally, but SOXX is now trading at 16.7 times weighted consensus forward earnings estimates among analysts polled by FactSet. That’s below the forward P/E of 17.3 for the S&P 500 – it can still be a good point for long-term investors to pick up semiconductor stocks at attractive prices.
Michael Brush favors this qualitative approach in the selection of semiconductor stocks.
Related:Semiconductor stocks have rebounded from 2022 lows – and analysts expect at least a 28% rise next year
Tips for sorting out your finances before retirement
You may have worked hard, saved, and invested for your retirement, but unwittingly created a messy mess that can be difficult to manage? Alessandra Malito has tips on how to organize your finances for retirement.
Continue reading:
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-Philip van Doorn
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Former National Bank (NASDAQ: ONB – Get a rating) declared a quarterly dividend on Friday, November 4 the wall street journal reports. Shareholders of record on Thursday, December 1 will receive a dividend of 0.14 per share from the bank on Thursday, December 15. This represents a dividend of $0.56 on an annualized basis and […]]]>Former National Bank (NASDAQ: ONB – Get a rating) declared a quarterly dividend on Friday, November 4 the wall street journal reports. Shareholders of record on Thursday, December 1 will receive a dividend of 0.14 per share from the bank on Thursday, December 15. This represents a dividend of $0.56 on an annualized basis and a dividend yield of 2.84%. The ex-date of this dividend is Wednesday, November 30.
Old National Bancorp has increased its dividend by an average of 2.5% per year over the past three years. Old National Bancorp has a dividend payout ratio of 24.6%, indicating that its dividend is sufficiently covered by earnings. Research analysts expect Old National Bancorp to earn $2.24 per share next year, meaning the company should continue to be able to cover its $0.56 annual dividend with a ratio expected future payout of 25.0%.
Former national Bancorp trades up 2.1%
Shares of ONB Stock traded at $0.41 during Friday trading hours, reaching $19.69. The company had a trading volume of 137,376 shares, compared to an average volume of 2,083,268. The company has a 50-day moving average of $17.55 and a 200-day moving average of $16.46. The company has a debt ratio of 0.71, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market capitalization of $5.77 billion, a price-earnings ratio of 18.19 and a beta of 0.87. Old National Bancorp has a 1-year low of $14.22 and a 1-year high of $20.81.
Former National Bank (NASDAQ: ONB – Get a rating) last released its quarterly earnings data on Tuesday, October 25. The bank reported EPS of $0.51 for the quarter, beating the consensus estimate of $0.50 by $0.01. The company posted revenue of $461.92 million for the quarter, versus a consensus estimate of $438.18 million. Old National Bancorp had a return on equity of 9.93% and a net margin of 19.71%. The company’s revenue increased by 120.4% compared to the same quarter last year. In the same quarter last year, the company posted EPS of $0.43. On average, equity research analysts expect Old National Bancorp to post an EPS of 1.47 for the current year.
Wall Street analysts predict growth
Several research firms have published reports on ONB. Stephens raised his price target on Old National Bancorp to $23.00 in a Tuesday, August 23 research note. Royal Bank of Canada raised its price target on Old National Bancorp from $20.00 to $21.00 and gave the company a “sector performance” rating in a Wednesday, October 26 research note. Piper Sandler raised her price target on Old National Bancorp to $21.00 and gave the company an “outperform” rating in a Wednesday, July 27 research note. StockNews.com began covering Old National Bancorp in a research note on Wednesday, October 12. They issued a “hold” rating on the stock. Finally, TheStreet upgraded Old National Bancorp from a “c+” rating to a “b” rating in a Monday, August 29, research note. Two equity research analysts gave the stock a hold rating and three gave the company a buy rating. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $21.75.
Insider Trading at Old National Bancorp
Separately, director Thomas Lynn Brown acquired 15,000 shares of Old National Bancorp in a transaction dated Wednesday, September 14. The stock was purchased at an average price of $16.74 per share, for a total transaction of $251,100.00. Following the completion of the acquisition, the administrator now directly owns 18,400 shares of the company, valued at approximately $308,016. The transaction was disclosed in a legal filing with the SEC, accessible via this link. Company insiders own 0.70% of the company’s shares.
Institutional investors weigh in on former National Bancorp
A number of hedge funds and other institutional investors have recently changed their positions in ONB. Covestor Ltd increased its position in shares of Old National Bancorp by 71.0% in the first quarter. Covestor Ltd now owns 8,365 shares in the bank valued at $137,000 after buying an additional 3,474 shares last quarter. Cetera Advisor Networks LLC increased its position in Old National Bancorp by 34.5% during the first quarter. Cetera Advisor Networks LLC now owns 14,433 shares of the bank valued at $236,000 after buying 3,701 additional shares last quarter. Mackenzie Financial Corp acquired a new position in Old National Bancorp during the first quarter valued at approximately $272,000. Captrust Financial Advisors increased its position in Old National Bancorp by 134.1% in the first quarter. Captrust Financial Advisors now owns 20,052 shares of the bank valued at $328,000 after buying 11,487 additional shares last quarter. Finally, Centiva Capital LP acquired a new position in Old National Bancorp during the second quarter valued at approximately $374,000. 78.13% of the shares are currently held by institutional investors and hedge funds.
About the former national bank
Old National Bancorp operates as a bank holding company for Old National Bank which provides various financial services to individuals and businesses in the United States. It accepts deposit accounts, including non-interest-bearing current accounts, interest-bearing checks, negotiable withdrawal orders, savings and money market accounts, and term deposits; and offers loans, such as home equity lines of credit, residential real estate loans, consumer loans, business loans, commercial real estate loans, letters of credit and leases.
Further reading
This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected].
Before you consider Old National Bancorp, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five actions that top analysts are quietly whispering to their clients to buy now before the market spreads…and Old National Bancorp was not on the list.
While Old National Bancorp currently has a “moderate buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
ZoidPaythe leading Web 3.0 architecture provider, has secured a $75 million investment commitment from digital asset investment firm GEM Digital Limited (“GEM”). The funding aims to develop the must-have open architecture for building the next generation of financial services, scale the first on-demand Metaverse, facilitate the first-ever banking acquisition by a blockchain company, and launch […]]]>ZoidPaythe leading Web 3.0 architecture provider, has secured a $75 million investment commitment from digital asset investment firm GEM Digital Limited (“GEM”).
The funding aims to develop the must-have open architecture for building the next generation of financial services, scale the first on-demand Metaverse, facilitate the first-ever banking acquisition by a blockchain company, and launch a super web application 3.0.
Supercharged Web3.0 API and SDK
Since its launch in 2018, ZoidPay has established itself as a one-stop provider of crypto liquidity solutions, enabling instant card issuance for purchases from any merchant at the lowest fees.
With this expertise, ZoidPay is now gearing up to launch a full suite of Application Programming Interfaces (APIs) and Software Development Kits (SDKs) for B2B customers aimed at building the next generation of mobile apps and dApps. Web 3.0 financial services.
“GEM’s investment is massive validation of what we strive to achieve at ZoidPay. Having the financial commitment of one of the world’s leading alternative investment groups is the perfect support we need to manifest a roadmap that will make ZoidPay the backbone of Web 3.0 open architecture.
Eduard Oneci, CEO and co-founder of ZoidPay
ZETA, on-demand metaverse
ZoidPay also recently announced the launch of ZETA, a fully decentralized world offering users an immersive experience with Augmented Reality (AR), Virtual Reality (VR) and Extended Reality (XR).
Built entirely in-house, ZETA will allow retail users to explore different avenues, including shopping, access to Web3.0 financial services, and many more experiences aimed at expanding their reality.
ZETA It also happens to be the first on-demand metaverse, offering B2B customers, including blockchain projects and developers, the open architecture to create their own personalized digital world.
Harness the full power of Web3.0
Currently, in the advanced phases of acquiring a bank, ZoidPay will contribute to the transition of all traditional financial services to decentralized finance by harnessing the power of Web3.0. For end users, this would make high-yield index accounts accessible, marking the shift from legacy to digital and from monopoly to decentralization.
Web 3.0 loans would allow a retail user to avail instant loans in any FIAT currency based on any digital assets one may hold, NFT included.
All of these offerings will eventually culminate in one of the most exciting fintech apps to come, ZoidPay’s awesome web 3.0 app. Billed as a “Fintech PowerHouse” for crypto and traditional financial services, the app will consolidate cards, bank accounts, crypto, bills, investments, insurance and loans in one place.
The app promises to offer retail users the ability to put their financial habits on autopilot. It will combine the Securitythe control and flexibility of traditional banking with the speed and connectivity of modern technology.
“By the end of the first quarter of 2023, we aim to become the largest Web 3.0 architecture provider in the world. This comes after years of putting the building blocks in place towards this direction, including building partnerships, developing technology and building an extremely capable team. GEM’s investment is now acting as a catalyst in our current phase of hyperscaling. I would like to extend a word of gratitude to the GEM team for their incredible level of professionalism over the past year on this journey”
Edward keep on going
To learn more about ZoidPay, Click here.
About ZoidPay
ZoidPay was established in 2018 as the go-to open architecture for building the next generation of web 3.0 financial services. It is a one-stop-shop crypto liquidity solution provider, enabling instant card issuance for purchases from any merchant at the lowest fees.
For B2B customers, ZoidPay offers full support APIs and SDKs for developers and financial companies who want to build next-generation Web 3.0 financial services.
Social networks ZoidPay
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All information contained on our website is published in good faith and for general information purposes only. Any action the reader takes on the information found on our website is strictly at their own risk.
Eagle Bancorp, Inc. (NASDAQ: EGBN – Get a rating) was the target of a significant drop in short interest in October. As of October 15, there was short interest totaling 630,100 shares, down 10.1% from the September 30 total of 700,600 shares. Based on an average trading volume of 133,900 shares, the day-to-cover ratio is […]]]>Eagle Bancorp, Inc. (NASDAQ: EGBN – Get a rating) was the target of a significant drop in short interest in October. As of October 15, there was short interest totaling 630,100 shares, down 10.1% from the September 30 total of 700,600 shares. Based on an average trading volume of 133,900 shares, the day-to-cover ratio is currently 4.7 days. Approximately 2.0% of the stock’s shares are sold short.
Eagle Bancorp Price Performance
Shares of EGBN Stock traded at $0.87 during Friday trading hours, hitting $45.35. The stock recorded trading volume of 205,833 shares, compared to an average trading volume of 134,941 shares. Eagle Bancorp has a one-year low of $41.97 and a one-year high of $63.84. The company has a debt ratio of 0.06, a current ratio of 0.79 and a quick ratio of 0.79. The stock’s 50-day moving average price is $46.40 and its two-hundred-day moving average price is $48.13. The stock has a market capitalization of $1.45 billion, a price-earnings ratio of 9.73 and a beta of 0.91.
Eagle Bancorp Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, October 31. Shareholders of record on Monday, October 10 will receive a dividend of $0.45. The ex-date of this dividend is Thursday, October 6. This represents an annualized dividend of $1.80 and a dividend yield of 3.97%. Eagle Bancorp’s dividend payout ratio (DPR) is 38.63%.
A Wall Street analyst gives his opinion
Separately, StockNews.com began covering Eagle Bancorp in a report on Wednesday, October 12. They set a “hold” rating on the stock.
Institutional investors weigh in on Eagle Bancorp
Several large investors have recently changed their positions in EGBN. Millennium Management LLC increased its equity stake in Eagle Bancorp to 436.6% in the second quarter. Millennium Management LLC now owns 394,797 shares of the financial services provider worth $18,717,000 after purchasing an additional 321,218 shares in the last quarter. Bank of Montreal Can increased its stake in Eagle Bancorp by 2,403.4% during the second quarter. Bank of Montreal Can now owns 217,697 shares of the financial services provider worth $10,469,000 after acquiring an additional 209,001 shares in the last quarter. FMR LLC increased its stake in Eagle Bancorp by 13.7% during the second quarter. FMR LLC now owns 1,463,109 shares of the financial services provider worth $69,366,000 after acquiring an additional 176,776 shares in the last quarter. Invesco Ltd. increased its stake in Eagle Bancorp to 95.6% during the first quarter. Invesco Ltd. now owns 304,792 shares of the financial services provider worth $17,376,000 after acquiring an additional 148,941 shares in the last quarter. Finally, Cubist Systematic Strategies LLC increased its stake in Eagle Bancorp by 923.1% during the second quarter. Cubist Systematic Strategies LLC now owns 147,524 shares of the financial services provider worth $6,994,000 after acquiring an additional 133,105 shares in the last quarter. 73.95% of the shares are held by institutional investors.
About Eagle Bancorp
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.
Further reading
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Before you consider Eagle Bancorp, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market spreads…and Eagle Bancorp was not on the list.
While Eagle Bancorp currently has an “N/A” rating among analysts, top-rated analysts believe these five stocks are better buys.
Federal Capitol Finance (NASDAQ: CFFN – Get a rating) will publish its quarterly results before the market opens on Wednesday, October 26. Analysts expect Capitol Federal Financial to post earnings of $0.15 per share for the quarter. Federal Capitol Finance (NASDAQ: CFFN – Get a rating) last reported results on Wednesday, July 27. The savings […]]]>Federal Capitol Finance (NASDAQ: CFFN – Get a rating) will publish its quarterly results before the market opens on Wednesday, October 26. Analysts expect Capitol Federal Financial to post earnings of $0.15 per share for the quarter.
Federal Capitol Finance (NASDAQ: CFFN – Get a rating) last reported results on Wednesday, July 27. The savings and loan company reported EPS of $0.16 for the quarter, beating the consensus estimate of $0.15 by $0.01. The company posted revenue of $56.10 million in the quarter, compared to $53.15 million expected by analysts. Capitol Federal Financial had a return on equity of 7.01% and a net margin of 29.59%. On average, analysts expect Capitol Federal Financial to post EPS of $1 for the current fiscal year and EPS of $1 for the next fiscal year.
Capitol Federal Financial Stock Performance
Capitol Federal Financial Stocks opened at $8.27 on Friday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt ratio of 1.65. The stock has a market capitalization of $1.15 billion, a P/E ratio of 13.34 and a beta of 0.45. Capitol Federal Financial has a 52-week low of $8.06 and a 52-week high of $12.79. The stock has a 50-day moving average of $8.95 and a 200-day moving average of $9.45.
Institutional investors weigh in on Capitol Federal Financial
Several large investors have recently increased or reduced their stake in the stock. Vanguard Group Inc. increased its position in Capitol Federal Financial by 1.7% in the first quarter. Vanguard Group Inc. now owns 15,284,331 shares of the savings and loan company worth $166,294,000 after purchasing an additional 262,540 shares during the period. Dimensional Fund Advisors LP increased its holdings of Capitol Federal Financial shares by 5.9% in the first quarter. Dimensional Fund Advisors LP now owns 6,632,772 shares of the savings and loan company valued at $72,165,000 after purchasing an additional 367,345 shares during the period. State Street Corp increased its stake in Capitol Federal Financial by 1.8% in the second quarter. State Street Corp now owns 4,891,560 shares of the savings and loan company valued at $44,905,000 after buying an additional 85,541 shares last quarter. Goldman Sachs Group Inc. increased its stake in Capitol Federal Financial by 1,009.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,687,460 shares of the savings and loan company valued at $18,359,000 after purchasing an additional 1,535,389 shares last quarter. Finally, Bank of New York Mellon Corp increased its position in Capitol Federal Financial shares by 1.4% in the 1st quarter. Bank of New York Mellon Corp now owns 1,455,828 shares of the savings and loan company valued at $15,839,000 after purchasing an additional 20,691 shares during the period. 74.87% of the shares are held by institutional investors and hedge funds.
A Wall Street analyst gives his opinion
Separately, StockNews.com supposed coverage of Capitol Federal Financial in a Wednesday, October 12 research report. They have set a “holding” rating on the stock.
About Capitol Federal Financial
Capitol Federal Financial, Inc operates as a holding company for Capitol Federal Savings Bank which provides various retail banking products and services in the United States. The Company accepts a range of deposit products, including savings accounts, money market deposit accounts, interest-bearing and non-interest-bearing checking accounts, and certificates of deposit.
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Before you consider Capitol Federal Financial, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five actions that top analysts are quietly whispering to their clients to buy now before the market spreads…and Capitol Federal Financial was not on the list.
While Capitol Federal Financial currently has an “N/A” rating among analysts, top-rated analysts believe these five stocks are better buys.
Sabra Health Care REIT, Inc. (NASDAQ: SBRA – Get a rating) – Jefferies Financial Group analysts lowered their fourth quarter 2022 earnings per share estimates for shares of Sabra Health Care REIT in a research report released to clients and investors on Tuesday, October 18. Jefferies Financial Group analyst J. Petersen now expects the real […]]]>Sabra Health Care REIT, Inc. (NASDAQ: SBRA – Get a rating) – Jefferies Financial Group analysts lowered their fourth quarter 2022 earnings per share estimates for shares of Sabra Health Care REIT in a research report released to clients and investors on Tuesday, October 18. Jefferies Financial Group analyst J. Petersen now expects the real estate investment trust to post earnings per share of $0.35 for the quarter, down from its previous estimate of $0.36. Jefferies Financial Group has a “Hold” rating and a price target of $14.00 on the stock. Sabra Health Care REIT’s current annual earnings consensus estimate is $1.49 per share. Jefferies Financial Group also released estimates for Sabra Health Care REIT Q1 2023 earnings at $0.36 EPS and full-year 2023 earnings at $1.43 EPS.
SBRA has been the subject of a number of other research reports. Citigroup raised its target price on Sabra Health Care REIT to $15.50 in a Monday, August 22 report. Barclays raised its price target on Sabra Health Care REIT to $15.00 in a Tuesday, August 9 report. StockNews.com launched coverage on Sabra Health Care REIT in a report on Wednesday, October 12. They set a “hold” rating for the company. Finally, Robert W. Baird downgraded shares of Sabra Health Care REIT from an “outperform” rating to a “neutral” rating and set a price target of $13.00 for the company. in a research report on Monday, October 10. Eight research analysts gave the stock a hold rating and three gave the stock a buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $15.20.
Sabra Health Care REIT Price Performance
SBRA stock opened Wednesday at $12.79. The stock has a 50-day moving average price of $14.27 and a 200-day moving average price of $13.96. The stock has a market capitalization of $2.95 billion, a PE ratio of 67.32 and a beta of 1.31. The company has a current ratio of 3.97, a quick ratio of 3.97 and a debt ratio of 0.75. Sabra Health Care REIT has a 1-year minimum of $11.44 and a 1-year maximum of $16.60.
Sabra Health Care REIT announces dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 31. Investors of record on Wednesday August 17 received a dividend of $0.30. The ex-dividend date was Tuesday, August 16. This represents a dividend of $1.20 on an annualized basis and a yield of 9.38%. Sabra Health Care REIT’s dividend payout ratio (DPR) is 631.61%.
Institutional entries and exits
A number of hedge funds have recently increased or reduced their stakes in the company. Deutsche Bank AG increased its stake in shares of Sabra Health Care REIT by 161.6% during the second quarter. Deutsche Bank AG now owns 5,097,445 shares of the real estate investment trust worth $71,210,000 after buying an additional 3,148,985 shares in the last quarter. Millennium Management LLC increased its stake in shares of Sabra Health Care REIT by 3,773.6% during the second quarter. Millennium Management LLC now owns 1,998,167 shares of the real estate investment trust worth $27,914,000 after purchasing an additional 1,946,583 shares in the last quarter. State Street Corp increased its stake in shares of Sabra Health Care REIT by 18.1% in the first quarter. State Street Corp now owns 12,035,766 shares of the real estate investment trust worth $179,213,000 after purchasing an additional 1,840,939 shares in the last quarter. Waterfront Capital Partners LLC purchased a new stake in shares of Sabra Health Care REIT during the first quarter for a value of $22,722,000. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Sabra Health Care REIT by 437.3% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,616,519 shares of the real estate investment trust worth $22,583,000 after purchasing an additional 1,315,648 shares in the last quarter. 87.67% of the shares are held by institutional investors.
About Sabra Health Care REIT
As of March 31, 2022, Sabra’s investment portfolio included 416 properties held for investment. These include (i) 279 skilled nursing/transitional care facilities, (ii) 59 senior housing communities (senior residences – leased), (iii) 50 senior housing communities operated by third-party property managers pursuant to property management agreements (retirement homes – managed), (iv) 13 behavioral health facilities and (v) 15 specialty hospitals and other facilities), an asset held for sale, an investment in a lease-purchase, 16 investments in loans receivable (including (i) two mortgage loans, (ii) a construction loan and (iii) 13 other loans), seven investments in preferred shares and an investment in a unconsolidated joint venture.
Further reading
This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected].
Before you consider Sabra Health Care REIT, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market goes higher… and Sabra Health Care REIT was not on the list.
While Sabra Health Care REIT currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the five actions here