Bankroll – 6 Toros 6 http://6toros6.com/ Thu, 30 Jun 2022 10:54:12 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://6toros6.com/wp-content/uploads/2021/05/cropped-icon-32x32.png Bankroll – 6 Toros 6 http://6toros6.com/ 32 32 Ovialand offers ‘instant home, instant financing’ to Filipino families https://6toros6.com/ovialand-offers-instant-home-instant-financing-to-filipino-families/ Thu, 30 Jun 2022 08:00:27 +0000 https://6toros6.com/ovialand-offers-instant-home-instant-financing-to-filipino-families/

Every family dreams of having a beautiful house to live in. However, building a house can take time. Add to that the financing process to buy a house.

But Ovialand, Inc., a mass-housing real estate developer, offers “Instant Home, Instant Financing,” which means providing fast, yet quality home building and home buying service to Filipino families.

“Our ‘Instant Homes, Instant Financing’ is the result of Ovialand reinventing and rethinking the mass housing industry. After our years of experience and understanding of our customers pain points, we came up with these solutions to help Filipinos to buy their homes without a headache,” said Ovialand President Pammy Olivares-Vital.

Families looking to build their own homes across Ovialand can expect the structure of their homes to be completed in just three days. This is made possible by the developer’s exclusive prefabrication technology. Then the finishing touches to the house, such as painting, tiling, electrical and plumbing work, will take another 30 days.

But just because Ovialand finishes a home quickly doesn’t mean it’s sacrificing quality. Its precast system uses solid concrete and solid structural design to build the homes, while its skilled workers have plenty of tools and materials to ensure a well-built home. And before the home is handed over to buyers, Ovialand’s quality control team first checks the home to ensure it is built to standard.

Ovialand also continuously builds the houses according to the established schedule, unlike some of its competitors who wait for a certain percentage of equity from buyers before starting to build the house. And as the house is under construction, Ovialand supports buyers in their requests for real estate financing.

After a buyer purchases a unit, Ovialand assigns it to a personal account agent. Their service is all about making sure buyers have a smooth home buying transaction, which starts with assessing the buyer’s loan eligibility and commitment to buying a home. And with the high real estate value of Ovialand’s homes, it has partner financing institutions ready to finance buyers.

With such assistance in applying for home financing, Ovialand allows buyers to move in as soon as the house is built. The process usually takes between 30 and 120 days, depending on the availability of the house.

“We believe that if you can buy a car, pay a deposit, get approved for financing, and leave the dealership with a new car within a month, then why can’t you do the same with your home ?” said Ms. Olivares-Vital.

Ovialand’s developments are currently concentrated in the southern Luzon region, offering prime family living with its residential projects in Laguna and Quezon. The company is preparing to strengthen its presence in new territories.


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Pandemic petition derails candidates and ballot initiatives https://6toros6.com/pandemic-petition-derails-candidates-and-ballot-initiatives/ Mon, 27 Jun 2022 20:11:17 +0000 https://6toros6.com/pandemic-petition-derails-candidates-and-ballot-initiatives/

James Craig, a former Detroit police chief who was running for governor of Michigan, said he recalled pleasant conversations with people circulating petitions at his campaign events this spring and that he had never suspected that anything untoward was happening.

“I’m the candidate giving speeches, and you think you have professionals working for you on the ground getting signatures. I didn’t know anything was wrong,” said Craig, who was considered a frontrunner for the GOP nomination. He had raised $2 million, more than any other Republican vying to rival incumbent Democratic Governor Gretchen Whitmer in November.

But a state elections panel in May disqualified Craig and four other Republican gubernatorial candidates, removing them from the GOP primary ballot after officials found thousands of forged signatures on their candidate petitions.

And nine of Michigan’s 10 Citizens’ Initiatives have failed to set a deadline for signatures to be on the 2022 ballot. Some leaders said they feared their lists had been compromised by forgeries and shoddy work, and are now targeting the 2024 poll instead.

Similar issues will plague other states, experts fear, as election season heats up and more states push for changes to abortion through ballot initiatives. Michigan defenders face a July 11 deadline to collect more than 425,000 signatures for a electoral initiative to enshrine the right to abortion in the state constitution.

Due to the pandemic and remote working, there are fewer people on city streets to collect signatures, and the tight job market has increased costs for candidates and campaigns to hire signature collectors. . This makes it harder for local campaigns to do the job without help from wealthy donors.

The issues have reignited the debate about paying voters by signature, and whether it leads to fraud or gives wealthy candidates and groups a head start. Eight states have banned the practice of signature payments, and this year Florida strengthened its current ban on signature payments by making it a crime, although it continues to allow other forms of payment.

“We are going to see many more states having the same kind of problems that we have seen [in Michigan]said Corrine Rivera Fowler, director of policy and legal advocacy at the Ballot Initiative Strategy Center. The Washington, DC-based center advises liberal groups across the country on ballot initiatives.

“If your motivation is just to rush, mistakes can be made,” Rivera Fowler said.

Michigan’s gubernatorial primary was the canary in the coal mine due to its June 1 deadline for filing ballot petitions, but similar deadlines loom in late June for California, July for Arizona, Arkansas, Nebraska, Ohio, Oregon and Washington State, and in August for Colorado.









History of the Stateline

Retirements shrink the ranks of the few frontline workers








In Nebraska, opponents of a ballot initiative who would require photo ID to vote have complained about aggressive tactics by paid signature collectors. Marlene Ricketts, mother of Republican Gov. Pete Ricketts, donated $376,000 to the cause.

The cost of paying people to collect signatures has made it harder for popular causes and easier for the wealthy to get the laws they want, said John Cartier, director of voting rights at Civic Nebraska, a group progressive who opposes the photo ID initiative and supports one for medical marijuana.

“It’s a paid system. Nebraska’s super-rich can just write a check and fund the whole initiative,” Cartier said. Meanwhile, other defenders are struggling to pay for signature collection, he said.

But volunteers are working on the photo ID initiative alongside paid workers, said Douglas Kagan, chairman of the conservative Nebraska Taxpayers for Freedom and volunteer petitioner. He called the critics “hypocrites who don’t like it when we raise money for conservative causes.”

Kagan said paid signature collectors approached him at a gas station and obeyed all the rules.

A Nebraska judge added a wrinkle to the state ballot initiative process on June 13, preventing the state from enforcing a 100-year-old requirement for advocates to obtain signatures from 5% of voters in 38 of the state’s 93 counties . The judge agreed with medical marijuana proponents that it gives too much power to rural voters at the expense of urban areas.

In Florida this month, a a federal judge struck down a 2021 state law limiting contributions to support ballot initiatives to $3,000, challenging state officials’ arguments that “the process is susceptible to the influence of large donors who fund petition collectors, who in turn are incentivized to falsify petition signatures,” according to the ruling. The judge found “no reason to think that large individual contributions…are to blame for this dynamic.”

Labor shortages drive up the price of signature collection services. In 2012, it cost $1 to $3 per signature, according to a National Conference of State Legislatures. investigation. That amount recently reached $20 per signature, according to a report by Michigan Secretary of State May, blaming a “persistent lack of in-person events” where circulators typically work.

“There are labor shortages, and these are temporary jobs, so they’re not the most attractive positions,” Rivera Fowler said.

In addition to Florida, Arizona, Arkansas, Montana, North Dakota, Oregon, South Dakota and Wyoming prohibit signature payments, according to Ballotpedia.









History of the Stateline

GOP Works to Replace Voters on Medicaid, Higher Wages, Pot








In California, the Democratic-dominated legislature has repeatedly approved bans on signature payments only to have them vetoed by Democratic governors. A new bill would be require a bolded notice at the top of the signature sheet telling voters to sign only if they have seen a current list of major funders for the initiative.

Too many paid signature collectors are ignoring an existing law requiring them to show a list of major funders, said Walker Hershey, California Senate legislative aide to Democratic Senator Tom Umberg, sponsor of the bill.

The California Legislature passed a ban on signature payments for referendums in 2021, saying the practice “incentivizes signature collectors to trick voters in order to obtain their signatures.”

But Democratic Gov. Gavin Newsom vetoed the measure, writing in a veto message that it could harm grassroots campaigns: “Pay-by-signature remains one of the most cost-effective methods of qualifying for the ballot. This measure could therefore make the qualification of many initiatives prohibitively expensive for all but the wealthiest interests. The January legislature failed to override the veto.

Former California Democratic Governor Jerry Brown vetoed bills in 2011 and 2018 that would have banned the practice.

Maine lawmakers moved to ban signature payments in 2019, with a original invoice saying that “a large number of invalidated signatures…provides strong evidence that the practice of paying for collected signatures has corrupted the signature collection process”. However, The law project signed into law has been changed to only require disclosure of payment methods used to obtain signatures.

In Michigan, the Secretary of State’s May report suggested that many of the fraudulent signatures had been copied from outdated voter rolls and individuals were passing sheets to each other to forge signatures in different handwriting. .

One of Michigan’s initiatives that didn’t pass this year called for raising the minimum wage to $15 an hour. One Fair Wage, the sponsor, will continue collecting signatures with the aim of collecting 600,000 by the end of June, and is targeting the 2024 ballot, said Saru Jayaraman, chairman of the Washington, DC-based group.

Michigan ballot advocates have faced a particularly difficult time this year, as a court battle over ballot circulation rules delayed signature-gathering efforts until mid-February. Only after Michigan Supreme Court decided on the case in January, the petition forms could be printed. This delay in printing forms, combined with bad weather, prevented defenders from collecting signatures until early May, Jayaraman said.

“There are signature collection companies that have their own staff, and then there are independent contractors that supplement them in times of crisis. Everyone in Michigan has faced a super crisis this cycle,” Jayaraman said.

Michiganders for Fair Lending, which is seeking a ballot initiative that would cap interest charged on payday loans, organized the only petition campaign that met the filing deadline. This group threw about 170,000 of 575,000 signatures he collected before deposit. Leaders “failed to notice the type of fraud that has plagued GOP governors’ campaigns,” but found more typical errors, such as signers writing a birthday instead of signing date or using the wrong name county, said spokesman Josh Hovey.

Earlier this month, Michigan businessman Perry Johnson, another Republican gubernatorial candidate who was disqualified for fraudulent signatures, lost a bid in federal court to stop the printing of ballots while he pleads his case to be included. Five other Republicans will appear on the ballots. And Craig decided to run a written campaign for the Aug. 2 primary, hoping to revive his bid to unseat Whitmer.

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MGIC Investment Co. (NYSE:MTG) Receives Average “Moderate Buy” Rating From Brokerages https://6toros6.com/mgic-investment-co-nysemtg-receives-average-moderate-buy-rating-from-brokerages/ Sun, 26 Jun 2022 06:16:06 +0000 https://6toros6.com/mgic-investment-co-nysemtg-receives-average-moderate-buy-rating-from-brokerages/

MGIC Investment Co. (NYSE: MTG – Get a rating) earned an average “moderate buy” rating from the seven brokerages that cover the business, Marketbeat reports. Two investment analysts rated the stock with a hold recommendation and four gave the company a buy recommendation. The 12-month average price target among analysts who have rated the stock over the past year is $17.92.

Several brokerages have weighed in on MTG. Royal Bank of Canada upgraded MGIC Investment from an ‘sector performance’ rating to an ‘outperform’ rating and raised its target price for the company from $15.00 to $16.00 in a research note Thursday. BTIG Research lowered its price target on MGIC Investment from $18.00 to $17.00 in a Tuesday, April 12 research report. To finish, StockNews.com upgraded MGIC Investment from a “hold” rating to a “buy” rating in a Friday, May 13 research report.

Several hedge funds and other institutional investors have recently changed their stock holdings. Verition Fund Management LLC increased its holdings of MGIC Investment shares by 11.6% in Q1. Verition Fund Management LLC now owns 36,062 shares of the insurance provider worth $489,000 after acquiring 3,748 additional shares in the last quarter. Midwest Wealth Management Inc. increased its holdings of MGIC Investment shares by 2.8% in the 1st quarter. Midwest Wealth Management Inc. now owns 95,670 shares of the insurance provider worth $1,296,000 after acquiring 2,593 additional shares in the last quarter. Neuberger Berman Group LLC increased its equity stake in MGIC Investment by 42.0% in Q1. Neuberger Berman Group LLC now owns 53,896 shares of the insurance provider worth $730,000 after acquiring 15,936 additional shares in the last quarter. Weiss Multi Strategy Advisers LLC purchased a new equity position from MGIC Investment during the first quarter worth $7,791,000. Finally, Virtu Financial LLC increased its holdings of MGIC Investment shares by 133.7% during the first quarter. Virtu Financial LLC now owns 24,030 shares of the insurance provider valued at $326,000 after buying 13,747 additional shares last quarter. Institutional investors and hedge funds hold 94.10% of the company’s shares.

Shares of MGIC Investment opened at $12.75 on Friday. The company’s fifty-day moving average price is $13.16 and its two-hundred-day moving average price is $14.12. The company has a debt ratio of 0.20, a current ratio of 0.61 and a quick ratio of 0.61. The company has a market capitalization of $3.95 billion, a P/E ratio of 6.51, a PEG ratio of 1.10 and a beta of 1.49. MGIC Investment has a 1-year low of $11.38 and a 1-year high of $16.84.

MGIC Investment (NYSE:MTG- Get a rating) last announced its results on Wednesday, May 4. The insurance provider reported earnings per share of $0.60 for the quarter, beating the consensus estimate of $0.58 by $0.02. The company posted revenue of $294.60 million for the quarter, versus a consensus estimate of $292.28 million. MGIC Investment had a return on equity of 14.61% and a net margin of 55.82%. The company’s revenue for the quarter was down 1.1% year over year. In the same quarter of the previous year, the company achieved EPS of $0.42. On average, research analysts expect MGIC Investment to post earnings per share of 2.27 for the current financial year.

The company also recently declared a quarterly dividend, which was paid on Thursday, May 26. Shareholders of record on Thursday, May 12 received a dividend of $0.08 per share. This represents an annualized dividend of $0.32 and a dividend yield of 2.51%. The ex-dividend date was Wednesday, May 11. The dividend payout ratio (DPR) of MGIC Investment is currently 16.33%.

MGIC Investment Company Profile (Get a rating)

MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance, other mortgage credit risk management solutions and ancillary services to lenders and government-sponsored entities in the United States, Puerto Rico and in Guam. The company offers mortgage principal insurance that provides mortgage default protection on individual loans, as well as covers outstanding loan principal, overdue interest, and various expenses associated with default and subsequent foreclosure.

See also

Analyst Recommendations for MGIC Investment (NYSE: MTG)

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Labor market boost hits tech and crypto hard https://6toros6.com/labor-market-boost-hits-tech-and-crypto-hard/ Fri, 24 Jun 2022 00:01:00 +0000 https://6toros6.com/labor-market-boost-hits-tech-and-crypto-hard/ The good times continue to roll for the job market – there are still nearly two jobs open for every person looking – but a series of recent headlines about high-profile layoffs could give energy to “spring 2020 “.

Seeing all of these household names in the headlines might make you think the economic recovery, defined as it has been by a blistering labor market, might be unraveling.

But labor economists warn that it is too early to know if all this is a harbinger of wider unrest. After all, unemployment remains near its lowest level in 50 years.

“A pile of press releases from dozens of companies is still only a tiny, tiny, tiny fraction of the workforce,” labor economist Aaron Sojourner told me recently. “We’ve seen very rapid and steady job growth…so there’s plenty of reason to expect a deceleration – it’s not yet clear if it’s turning negative.”

Sojourner is in a unique position to find out. In March 2020, he and fellow economist Paul Goldsmith-Pinkham were among the first to accurately predict the first avalanche of nearly 3.5 million layoffs in a single week, nearly three times the estimate offered by Goldman. Sachs.

So far, he sees no evidence of a general pattern suggesting that the labor market is slackening. It’s not a promise that it won’t change, he says, but he remains optimistic.

He would warn bearish watchers to keep in mind that many of our economic problems stem from things going too well. “People complain that consumers have too much money, they spend too much and drive up prices… Everyone works who wants to work,” he says. “These are very high class issues.”

LOOK AHEAD: Although the layoffs are rather limited to sectors sensitive to interest rate hikes, even the Fed admits that it may not be possible to control inflation without causing losses jobs.

“There is a risk that unemployment will increase,” Fed Chairman Jay Powell said during a hearing before the House Financial Services Committee today.

The central bank lacks “precision tools”, which means we could see job losses more broadly.

Unemployment stood at just 3.6% in May, down from nearly 15% in the spring of 2020. Even at 4% or higher, Powell said, the labor market would “remain very strong.”

NUMBER OF THE DAY: 529 MILLION DOLLARS

Some people might feel a little uncomfortable investing in Big Oil in the Year of Our Lord 2022. Because of the whole, you know, catastrophe that’s warming the planet, polluting the air and is horrible to god the fossil fuel industry is.

Not Warren Buffett. Omaha’s Berkshire Hathaway Oracle just doubled its energy investments, losing about $529 million on 9.6 million shares of Occidental Petroleum last week. If you can overcome the immorality of it all, it’s a pretty solid bet: Occidental Petroleum shares are up 92% this year, while the S&P 500 is down more than 20%. So, yeah… come on, hippies, let’s get rich.

PREDATOR

Most people are, understandably, rather grumpy about soaring prices for gas, food, and just about every essential item you can think of.

There is, however, at least one industry dancing on the grave of our sustainable incomes: predatory payday lenders.

Here’s the deal: Payday loans, aka cash advance loans, are the kind of short-term bridge that can feel like a lifeline when you’re living paycheck to paycheck. But they come with criminally high interest rates, often over 500%, depending on your credit and income. And our current economic climate – marked by high inflation and low unemployment – ​​is exactly the kind of environment where these lenders thrive, writes my colleague Nicole Goodkind.

A subprime lender, Enova, recently said on an earnings call that 44% of all loans it made last quarter were to new customers. It’s amazing.

But it’s also easy to see why people get desperate:

  • Inflation in the United States is the highest in 40 years.
  • Gas is hovering around $5 a gallon, more than 60% more expensive than a year ago.
  • Across America, bosses are calling workers back to the office, which means more driving.
  • The federal minimum wage, meanwhile, still sits at $7.25 an hour, where it has stood since 2009.
  • About two-thirds of Americans live paycheck to paycheck, according to a survey. (This figure jumps to 82% among workers earning less than $50,000.)
  • People with subprime credit scores (below 650) find it difficult to get a loan from a regular bank or qualify for credit cards, leaving them with few options when money is tight .
  • To hear predatory lenders say it, they provide services to low-income communities by providing loans to people that traditional banks have turned down. High interest rates are necessary because of default risk.

Consumer advocates call BS.

“There are 18 states and the District of Columbia that have banned payday loans and have survived very well without these predatory loan products,” said Nadine Chabrier, senior policy adviser at the Center for Responsible Lending. “There are fair and responsible loan products that have low interest rates and fees that are available for people to use.”

Read Nicole’s full story here.
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TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) CFO Christopher M. Mathieu acquires 10,000 shares https://6toros6.com/triplepoint-venture-growth-bdc-corp-nyse-tpvg-cfo-christopher-m-mathieu-acquires-10000-shares/ Tue, 21 Jun 2022 22:30:54 +0000 https://6toros6.com/triplepoint-venture-growth-bdc-corp-nyse-tpvg-cfo-christopher-m-mathieu-acquires-10000-shares/

TriplePoint Venture Growth BDC Corp. (NYSE: TPVG – Get a rating) CFO Christopher M. Mathieu bought 10,000 shares in a trade dated Friday, June 17. The shares were purchased at an average price of $12.16 per share, for a total transaction of $121,600.00. Following the completion of the acquisition, the CFO now directly owns 25,500 shares of the company, valued at approximately $310,080. The acquisition was disclosed in a filing with the Securities & Exchange Commission, accessible via this hyperlink.

NYSE TPVG traded down $0.18 on Tuesday, hitting $12.67. The company had a trading volume of 241,440 shares, compared to an average volume of 177,635. The company has a market capitalization of $393.24 million, a PE ratio of 5.56 and a beta of 1.73. The company’s fifty-day moving average price is $15.13 and its 200-day moving average price is $16.37. TriplePoint Venture Growth BDC Corp. has a 12 month minimum of $11.86 and a 12 month maximum of $19.25.

TriplePoint Venture Growth BDC (NYSE: TPVG – Get a rating) last released its quarterly results on Wednesday, May 4. The investment management firm reported EPS of $0.44 for the quarter, beating the consensus estimate of $0.37 by $0.07. The company posted revenue of $25.93 million in the quarter, compared to analyst estimates of $25.54 million. TriplePoint Venture Growth BDC earned a net margin of 75.42% and a return on equity of 10.77%. In the same quarter of the previous year, the company achieved EPS of $0.29. As a group, equity research analysts predict that TriplePoint Venture Growth BDC Corp. will post an EPS of 1.59 for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 30. Investors of record on Thursday, June 16 will receive a dividend of $0.36. This represents an annualized dividend of $1.44 and a yield of 11.37%. The ex-date of this dividend is Wednesday, June 15. TriplePoint Venture Growth BDC’s payout ratio is currently 63.16%.

A number of research companies have recently commented on TPVG. Wells Fargo & Company raised its price target on shares of TriplePoint Venture Growth BDC from $17.50 to $18.00 and gave the stock an “overweight” rating in a Monday, April 25 research note. . StockNews.com assumed coverage of TriplePoint Venture Growth BDC shares in a Thursday, March 31 report. They set a “hold” rating for the company. Two equity research analysts gave the stock a hold rating and three gave the stock a buy rating. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $17.44.

Several institutional investors have recently increased or reduced their stake in the company. Cetera Advisor Networks LLC increased its holdings of TriplePoint Venture Growth BDC shares by 1.6% during the third quarter. Cetera Advisor Networks LLC now owns 32,886 shares of the investment management company worth $521,000 after buying 529 additional shares in the last quarter. Cetera Advisors LLC increased its position in shares of TriplePoint Venture Growth BDC by 3.3% during the third quarter. Cetera Advisors LLC now owns 16,700 shares of the investment management firm valued at $265,000 after acquiring an additional 540 shares in the last quarter. B. Riley Wealth Management Inc. increased its position in shares of TriplePoint Venture Growth BDC by 1.8% during the 4th quarter. B. Riley Wealth Management Inc. now owns 46,560 shares of the investment management company valued at $836,000 after acquiring 805 additional shares in the last quarter. Essex Investment Management Co. LLC increased its position in shares of TriplePoint Venture Growth BDC by 1.6% during the 4th quarter. Essex Investment Management Co. LLC now owns 55,728 shares of the investment management company valued at $1,001,000 after acquiring 865 additional shares in the last quarter. Finally, HighTower Advisors LLC increased its position in shares of TriplePoint Venture Growth BDC by 4.7% during the 1st quarter. HighTower Advisors LLC now owns 36,490 shares of the investment management firm valued at $637,000 after acquiring an additional 1,650 shares in the last quarter. 22.75% of the shares are held by institutional investors and hedge funds.

About TriplePoint Venture Growth BDC (Get a rating)

TriplePoint Venture Growth BDC Corp. is a business development firm specializing in investments in growth-stage venture capital-backed companies. It also provides debt financing to growth space companies, which includes growth capital loans, secured and customized loans, equipment financing, revolving loans and direct equity investments.

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New York Mortgage Trust, Inc. plans $0.10 dividend (NASDAQ: NYMT) https://6toros6.com/new-york-mortgage-trust-inc-plans-0-10-dividend-nasdaq-nymt/ Sun, 19 Jun 2022 20:33:52 +0000 https://6toros6.com/new-york-mortgage-trust-inc-plans-0-10-dividend-nasdaq-nymt/

New York Mortgage Trust, Inc. (NASDAQ: NYMT – Get a rating) announced a dividend on Friday, June 17, loyalty reports. Shareholders of record on Monday, June 27 will receive a dividend of 0.10 per share from the real estate investment trust on Monday, July 25. The ex-dividend date is Friday, June 24.

New York Mortgage Trust has decreased its dividend payout by an average of 20.6% per year over the past three years. New York Mortgage Trust has a dividend payout ratio of 129.0%, indicating that the company cannot currently cover its dividend with earnings alone and relies on its balance sheet to cover its dividend payments. Research analysts expect New York Mortgage Trust to earn $0.29 per share next year, meaning the company may not be able to cover its $0.40 annual dividend with a expected future payout ratio of 137.9%.

The NASDAQ NYMT rose $0.09 during Friday trading hours, hitting $2.36. 13,986,733 shares were traded, against an average volume of 3,677,131. The company has a quick ratio of 4.03, a current ratio of 4.03 and a leverage ratio of 1.73. The stock has a 50-day moving average of $3.08 and a 200-day moving average of $3.47. New York Mortgage Trust has a 12-month low of $2.24 and a 12-month high of $4.72. The company has a market cap of $899.75 million, a price-to-earnings ratio of 47.20, a growth price-to-earnings ratio of 7.08, and a beta of 1.77.

New York Mortgage Trust (NASDAQ: NYMT – Get a rating) last reported results on Tuesday, May 3. The real estate investment trust reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.08 per ($0.30). New York Mortgage Trust had a return on equity of 7.42% and a net margin of 31.18%. In the same quarter of the previous year, the company had earned earnings per share of $0.11. On average, equity research analysts expect New York Mortgage Trust to post earnings per share of 0.09 for the current year.

A number of institutional investors have recently increased or reduced their stake in NYMT. Invesco Ltd. increased its position in shares of New York Mortgage Trust by 26.5% in the 1st quarter. Invesco Ltd. now owns 6,009,670 shares of the real estate investment trust valued at $21,935,000 after acquiring an additional 1,259,010 shares during the period. State Street Corp raised its position in New York Mortgage Trust shares by 8.6% in the first quarter. State Street Corp now owns 14,478,874 shares of the REIT valued at $54,204,000 after acquiring an additional 1,144,802 shares during the period. Vanguard Group Inc. raised its position in New York Mortgage Trust shares by 2.9% in the first quarter. Vanguard Group Inc. now owns 25,413,787 shares of the real estate investment trust worth $92,760,000 after acquiring an additional 714,954 shares during the period. Deutsche Bank AG raised its position in New York Mortgage Trust shares by 140.8% in the fourth quarter. Deutsche Bank AG now owns 636,197 shares of the real estate investment trust valued at $2,367,000 after acquiring an additional 372,040 shares during the period. Finally, First Trust Advisors LP increased its position in New York Mortgage Trust shares by 9.3% in the 1st quarter. First Trust Advisors LP now owns 2,869,603 shares of the real estate investment trust valued at $10,474,000 after acquiring an additional 243,875 shares during the period. Institutional investors hold 54.25% of the company’s shares.

A number of analysts have weighed in on the stock recently. StockNews.com cut New York Mortgage Trust shares from a “hold” rating to a “sell” rating in a Tuesday, May 10 research note. Barclays cut its price target on New York Mortgage Trust shares from $4.00 to $3.50 in a Wednesday, April 27 research note. Keefe, Bruyette & Woods upgraded New York Mortgage Trust shares from a “market performance” rating to an “outperform” rating and set a target price of $4.50 for the company in a rating. research from Wednesday, February 23. Jonestrading cut its price target on New York Mortgage Trust shares from $5.00 to $4.50 and set a “buy” rating for the company in a Tuesday, February 22 research note. Finally, Bank of America cut its price target on New York Mortgage Trust shares from $4.50 to $3.75 and set an “underperform” rating for the company in a Wednesday research note. March 9. Two investment analysts gave the stock a sell rating and three gave the company a buy rating. Based on data from MarketBeat.com, New York Mortgage Trust currently has an average rating of “Hold” and an average target price of $4.25.

New York Mortgage Trust Company Profile (Get a rating)

New York Mortgage Trust, Inc. acquires, invests, finances and manages single-family and multi-family residential mortgage-related assets in the United States. Its focused investments include residential loans, second mortgages and business loans; structured multifamily real estate investments, such as preferred stock and mezzanine loans to owners of multifamily properties, as well as joint venture equity investments in multifamily properties; residential non-agency mortgage-backed securities (RMBS); Agency RMBS; commercial mortgage-backed securities (CMBS); and other mortgages, residential housing and credit-related assets.

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Dividend history for New York Mortgage Trust (NASDAQ:NYMT)

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]]> Codorus Valley Bancorp, Inc. (NASDAQ:CVLY) CEO Acquires $11,590.00 in Stock https://6toros6.com/codorus-valley-bancorp-inc-nasdaqcvly-ceo-acquires-11590-00-in-stock/ Thu, 16 Jun 2022 13:16:08 +0000 https://6toros6.com/codorus-valley-bancorp-inc-nasdaqcvly-ceo-acquires-11590-00-in-stock/

Codorus Valley Bancorp, Inc. (NASDAQ: CVLY – Get a rating) CEO Craig L. Kauffman purchased 500 shares of the company in a trade that took place on Wednesday, June 15. The shares were acquired at an average cost of $23.18 per share, for a total transaction of $11,590.00. Following the acquisition, the CEO now directly owns 36,306 shares of the company, valued at $841,573.08. The purchase was disclosed in an SEC filing, which is available via this hyperlink.

Shares of CVLY opened at $22.76 on Thursday. Codorus Valley Bancorp, Inc. has a fifty-two week low of $19.60 and a fifty-two week high of $24.48. The company has a market capitalization of $216.86 million, a price-earnings ratio of 16.03 and a beta of 0.53. The company has a 50-day simple moving average of $23.05 and a 200-day simple moving average of $22.31. The company has a debt ratio of 0.28, a quick ratio of 0.92 and a current ratio of 0.92.

Codorus Valley Bancorp (NASDAQ:CVLY – Get a rating) last announced its results on Thursday, April 28. The financial services provider reported earnings per share of $0.32 for the quarter. The company had revenue of $19.56 million in the quarter. Codorus Valley Bancorp had a net margin of 15.98% and a return on equity of 7.11%.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 10. Investors of record on Tuesday, April 26 received a dividend of $0.15. The ex-dividend date was Monday, April 25. This represents a dividend of $0.60 on an annualized basis and a yield of 2.64%. Codorus Valley Bancorp’s payout ratio is currently 42.25%.

Large investors have recently made changes to their positions in the stock. Advisor Group Holdings Inc. increased its position in Codorus Valley Bancorp by 51.2% in the first quarter. Advisor Group Holdings Inc. now owns 2,931 shares of the financial services provider valued at $64,000 after purchasing an additional 992 shares during the period. Morgan Stanley increased its stake in Codorus Valley Bancorp by 21.5% in the second quarter. Morgan Stanley now owns 4,770 shares of the financial services provider valued at $96,000 after buying an additional 845 shares last quarter. Hazlett Burt & Watson Inc. bought a new position in Codorus Valley Bancorp in the first quarter, valued at around $117,000. Marshall Wace LLP increased its stake in Codorus Valley Bancorp by 370.8% in the first quarter. Marshall Wace LLP now owns 6,525 shares of the financial services provider valued at $139,000 after buying an additional 5,139 shares last quarter. Finally, Citadel Advisors LLC bought a new position in Codorus Valley Bancorp in the third quarter worth approximately $280,000. Hedge funds and other institutional investors own 51.29% of the company’s shares.

Separately, StockNews.com began covering shares of Codorus Valley Bancorp in a research note on Tuesday. They set a “hold” rating for the company.

About Codorus Valley Bancorp (Get a rating)

Codorus Valley Bancorp, Inc operates as a bank holding company for PeoplesBank which provides community banking services. The company accepts demand, money market, term and savings deposits, as well as certificates of deposit. It also offers commercial loans, such as builder and developer, commercial and residential real estate investor, hotel/motel, wholesale and retail, agriculture, manufacturing and other loans; consume loans including residential mortgages, home equity and others.

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Insider buying and selling by quarter for Codorus Valley Bancorp (NASDAQ:CVLY)

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Should you invest $1,000 in Codorus Valley Bancorp right now?

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]]> Hawthorn Bancshares, Inc. (NASDAQ: HWBK) Declares Quarterly Dividend of $0.17 https://6toros6.com/hawthorn-bancshares-inc-nasdaq-hwbk-declares-quarterly-dividend-of-0-17/ Sun, 12 Jun 2022 14:44:26 +0000 https://6toros6.com/hawthorn-bancshares-inc-nasdaq-hwbk-declares-quarterly-dividend-of-0-17/

Hawthorn Bancshares, Inc. (NASDAQ: HWBK – Get a rating) announced a quarterly dividend on Friday, April 29, Zacks reports. Shareholders of record on Wednesday, June 15 will receive a dividend of 0.17 per share from the financial services provider on Friday, July 1. This represents an annualized dividend of $0.68 and a yield of 2.59%. The ex-date of this dividend is Tuesday, June 14. This is an increase from Hawthorn Bancshares’ previous quarterly dividend of $0.15.

Hawthorn Bancshares has increased its dividend by an average of 19.2% per year over the past three years and has increased its dividend every year for the past 12 consecutive years.

Shares of HWBK traded down $0.69 during Friday’s midday session, hitting $26.26. 3,900 shares were traded, against an average volume of 4,500. The company has a market capitalization of $170.95 million, a PE ratio of 7.46 and a beta of 0.44. Hawthorn Bancshares has a 52-week low of $21.54 and a 52-week high of $27.46. The company has a fifty-day moving average of $26.44 and a 200-day moving average of $25.81. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt ratio of 0.94.

Hawthorn Bancshares (NASDAQ: HWBK – Get a rating) last released its results on Friday, April 29. The financial services provider reported earnings per share of $1.00 for the quarter. Hawthorn Bancshares had a net margin of 29.31% and a return on equity of 16.67%. The company had revenue of $17.87 million for the quarter.

Separately, StockNews.com launched a hedge on shares of Hawthorn Bancshares in a Monday, June 6 report. They issued a “buy” rating for the company.

Separately, director Frank E. Burkhead purchased 1,000 shares of the company in a transaction that took place on Monday, June 6. The shares were purchased at an average price of $26.95 per share, for a total transaction of $26,950.00. Following the acquisition, the director now owns 17,417 shares of the company, valued at $469,388.15. The acquisition was disclosed in a filing with the Securities & Exchange Commission, available at this link. 12.30% of the shares are currently held by insiders of the company.

A number of hedge funds have recently changed their holdings of HWBK. Morgan Stanley increased its position in shares of Hawthorn Bancshares by 13,886.1% during the second quarter. Morgan Stanley now owns 5,035 shares of the financial services provider worth $115,000 after buying an additional 4,999 shares in the last quarter. Royal Bank of Canada increased its position in shares of Hawthorn Bancshares by 149.0% during the second quarter. Royal Bank of Canada now owns 1,484 shares of the financial services provider worth $34,000 after buying 888 more shares in the last quarter. Northern Trust Corp increased its position in shares of Hawthorn Bancshares by 4.4% during the fourth quarter. Northern Trust Corp now owns 15,820 shares of the financial services provider worth $411,000 after buying an additional 660 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Hawthorn Bancshares by 10.5% during the fourth quarter. Renaissance Technologies LLC now owns 22,058 shares of the financial services provider worth $572,000 after purchasing an additional 2,100 shares in the last quarter. Finally, Alliancebernstein LP increased its position in Hawthorn Bancshares shares by 39.5% during the 4th quarter. Alliancebernstein LP now owns 183,924 shares of the financial services provider worth $4,771,000 after buying an additional 52,067 shares in the last quarter. 34.03% of the shares are held by institutional investors.

About Hawthorn Bancshares (Get a rating)

Hawthorn Bancshares, Inc operates as a bank holding company for Hawthorn Bank which provides commercial and personal banking services. It accepts checking, savings, money market, individual retirement and other term deposit accounts; and certificates of deposit. The Company also offers commercial and industrial, personal, installment, commercial and residential real estate and consumer loans, as well as small business equipment, operations and administration loans; and debit and credit cards.

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Dividend history for Hawthorn Bancshares (NASDAQ:HWBK)

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See the 5 actions here

]]> ETF Oxford opens new branch in response to community and business growth – The Oxford Eagle https://6toros6.com/etf-oxford-opens-new-branch-in-response-to-community-and-business-growth-the-oxford-eagle/ Fri, 10 Jun 2022 21:46:58 +0000 https://6toros6.com/etf-oxford-opens-new-branch-in-response-to-community-and-business-growth-the-oxford-eagle/

Pat Patterson Parkway, the busy road connecting the growing West Oxford region, is home to the brand new branch of FNB Oxford.

The location caters to nearly all banking needs for personal and business accounts, including consumer loans managed by Branch Manager Lauren Pace. Customers can open accounts, make deposits, withdrawals and transfers, manage individual retirement accounts, receive instant issue debit cards and order foreign currency.

“New and existing customers can manage all of their banking needs in one convenient place,” Pace said. “By being able to offer a wide variety of services, including consumer loans, it makes this branch a ‘one stop shop’.”

The subsidiary also has a ATM (iTM) open from 7 a.m. to 7 p.m. on weekdays and from 9 a.m. to 12 p.m. on Saturday mornings. FNB iTMs, which feature live banking machines, can handle almost all of the same functions as a lobby cashier, including deposits, withdrawals, check cashing, account transfers and loan repayments .

FNB Oxford President and CEO John L. Barrett said the decision to open the branch in West Oxford was a response to the growing community in that area. The new location, he said, will be especially convenient for customers shopping on West Jackson Avenue or attending sporting events at mTrade Park.

“As Oxford’s growth continues to push west, we felt the need to be a part of it,” he said. “There are now so many residences and small businesses within a mile of the new location, and we wanted a convenient, accessible and, frankly, more modern facility nearby.”

Pace, who manages the new branch, has been with FNB for eight years. She said she has enjoyed welcoming customers since the store opened in May.

“The atmosphere is warm, fun and modern, making it easy for us to help and communicate with our customers, neighbors and friends,” Pace said. “Customers can expect to be greeted with smiling faces, knowledgeable bankers and an excellent overall banking experience.”

Named Oxford’s ‘Best Banker’ by the Oxford Eagle in 2021, Pace began her career at FNB as a teller in 2014. She quickly became a universal banker, then served as branch manager of the South site. Lamar.

Barrett said Pace is known for the customer service and management skills she exemplified and developed during her time at FNB.

“Lauren knows the importance of providing great customer service because she’s proven it in her eight years at FNB,” Barrett said. “She will certainly have knowledgeable and friendly staff to help her as well.”

FNB will celebrate its newest branch, located at 2770 George G. “Pat” Patterson Parkway, with a grand opening from 1-4 p.m. on Tuesday, June 28. The event, featuring “Popsicles on the Parkway” and a live broadcast with radio station Q105, is open to the public.

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PacWest Bancorp (NASDAQ:PACW) CAO buys $100,000.00 in stock https://6toros6.com/pacwest-bancorp-nasdaqpacw-cao-buys-100000-00-in-stock/ Wed, 08 Jun 2022 22:16:35 +0000 https://6toros6.com/pacwest-bancorp-nasdaqpacw-cao-buys-100000-00-in-stock/

PacWest Bancorp (NASDAQ: PACW – Get a rating) CAO Monica L. Sparks bought 4,000 shares in a trade dated Monday, June 6. The shares were acquired at an average price of $25.00 per share, with a total value of $100,000.00. Following the completion of the purchase, the accounting director now owns 4,000 shares of the company, valued at approximately $100,000. The acquisition was disclosed in a filing with the SEC, which is available via this link.

PACW traded at $0.40 midday Wednesday, hitting $31.94. 886,679 shares of the company were traded, against an average volume of 1,157,375. The company has a debt ratio of 0.51, a quick ratio of 0.78 and a current ratio of 0.78. PacWest Bancorp has a one-year low of $28.77 and a one-year high of $51.81. The stock has a market capitalization of $3.75 billion, a P/E ratio of 6.60 and a beta of 1.42. The stock’s 50-day simple moving average is $34.43 and its 200-day simple moving average is $42.37.

PacWest Bancorp (NASDAQ: PACW – Get a rating) last reported results on Tuesday, April 19. The financial services provider reported earnings per share (EPS) of $1.01 for the quarter, missing analyst consensus estimates of $1.05 per ($0.04). PacWest Bancorp had a return on equity of 14.96% and a net margin of 41.84%. The company posted revenue of $329.54 million for the quarter, versus a consensus estimate of $342.21 million. In the same quarter last year, the company posted EPS of $1.27. On average, research analysts expect PacWest Bancorp to post earnings per share of 4.41 for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 31. Shareholders of record on Monday, May 16 received a dividend of $0.25 per share. This represents an annualized dividend of $1.00 and a dividend yield of 3.13%. The ex-dividend date was Friday, May 13. PacWest Bancorp’s dividend payout ratio (DPR) is currently 20.66%.

Several large investors have recently increased or reduced their stake in PACW. Amundi Pioneer Asset Management Inc. bought a new stock position in PacWest Bancorp during Q1 worth approximately $3,565,000. Morgan Stanley increased its stake in shares of PacWest Bancorp by 33.8% during the second quarter. Morgan Stanley now owns 319,258 shares of the financial services provider valued at $13,140,000 after buying an additional 80,702 shares last quarter. Renaissance Technologies LLC purchased a new stock position in PacWest Bancorp during Q3, valued at approximately $2,859,000. Martingale Asset Management LP bought a new stock position in PacWest Bancorp during Q3, valued at approximately $464,000. Finally, HighTower Advisors LLC bought a new stock position in PacWest Bancorp during Q3 valued at around $318,000. Institutional investors and hedge funds own 88.68% of the company’s shares.

Several research companies have recently published reports on PACW. Stephens cut his price target on PacWest Bancorp to $48.00 in a Friday, June 3 report. Wells Fargo & Company lowered its price target on PacWest Bancorp from $60.00 to $50.00 and set an “overweight” rating on the stock in a Thursday, April 21 report. Wedbush reduced its price target on PacWest Bancorp from $52.00 to $45.00 in a Wednesday, April 20 report. Raymond James lowered his price target on PacWest Bancorp from $62.00 to $51.00 and set a “Strong Buy” rating on the stock in a Thursday, April 21 report. To finish, StockNews.com began covering PacWest Bancorp in a report on Thursday, March 31. They issued a “hold” rating on the stock. Three analysts gave the stock a hold rating, four gave the stock a buy rating and one gave the stock a strong buy rating. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $53.00.

About PacWest Bancorp (Get a rating)

PacWest Bancorp operates as a bank holding company for Pacific Western Bank which provides various banking products and services. The company accepts demand, money market and term deposits. It also provides real estate loans to professional developers and real estate investors for the acquisition, refinancing, renovation and construction of commercial real estate; small business administration loans; asset-backed loans for working capital needs; venture capital loans to support the operations of entrepreneurial and venture capital-backed companies; and loans and leases secured by equipment.

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Should you invest $1,000 in PacWest Bancorp right now?

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MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily 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 takes off…and PacWest Bancorp was not on the list.

While PacWest Bancorp currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

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