Saving investment – Gran Logia Costa Rica http://granlogiacostarica.org/ Mon, 27 Jun 2022 21:21:27 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://granlogiacostarica.org/wp-content/uploads/2021/05/cropped-icon-1-32x32.png Saving investment – Gran Logia Costa Rica http://granlogiacostarica.org/ 32 32 3 stocks Wall Street plans to double https://granlogiacostarica.org/3-stocks-wall-street-plans-to-double/ Mon, 27 Jun 2022 21:21:27 +0000 https://granlogiacostarica.org/3-stocks-wall-street-plans-to-double/

Although the most followed indexes saw a comeback last week, the stock market is preparing to close the worst first half in decades. While the Dow Jones Industrial Average rose 5.4% last week, the tech-heavy S&P 500 and Nasdaq Composite gained 6.5% and 7.5%, respectively.

Many strategists expect bottoming quality stocks to make the most of the occasional rally. Additionally, as portfolio managers rebalance their portfolios at the end of the second quarter, stocks could increase by 7% this week, according to JPMorgan Chase analyst Marko Kolanovic. Additionally, Bank of America Corp. (BAC) analysts expect the next bull market to see the S&P 500 trading at 8,900 by February 2028.

Against this backdrop, Wall Street analysts expect Remitly Global, Inc. (COUNT), Opportun Financial Corporation (OPRT) and LendingTree, Inc. (TREE) to double in the coming months. Therefore, these stocks could be solid additions to his watch list.

Remitly Global, Inc. (COUNT)

RELY is a provider of digital financial services for immigrants and their families. The company offers cross-border money transfers in several countries.

For the fiscal first quarter ended March 31, RELY’s revenue increased 49.4% year-over-year to $136.01 million. Net cash from financing activities was $2.60 million, up substantially from its negative value a year ago. Cash, cash equivalents and restricted cash the balance improved by 86% compared to the same period the previous year to reach $444.66 million.

The consensus EPS estimate for the quarter ending September 2022 indicates a 78% year-over-year increase. Similarly, the consensus revenue estimate for the same quarter of $157.90 million reflects a 45.2% improvement over the prior year period.

The stock has gained 3.7% over the past five days and 0.9% intraday to close its last trading session at $9.23.

All four Wall Street analysts rating RELY rated it Buy. The 12-month median price target of $18.75 indicates a 103.1% upside potential. Price targets range from a low of $14.00 to a high of $23.00.

Financial Company of Oportun (OPRT)

The OPRT operates as a financial service provider. The Company’s offerings include personal, auto and credit loans, serving online and telephone customers, as well as retail customers.

On May 24, the OPRT announced the issuance of $400 million of two-year renewable asset-backed notes, which are secured by a pool of unsecured and secured installment loans. “This transaction demonstrates that we are able to access growth capital even in challenging markets and demonstrates investor confidence in our AI-powered underwriting,” said Jonathan Coblentz, Chief Financial and Administrative Officer at OPRT.

On April 4, the company announced the sale of $228 million in loans through the issuance of amortizing asset-backed notes. This transaction should allow the company to sell its loans at an attractive price and generate capital.

OPRT’s total revenue increased 58.7% year-over-year to $214.70 million in the fiscal first quarter ended March 31. Adjusted net income increased 332% from the prior year quarter to $52.70 million. Adjusted EPS improved 285.4% from the prior year period to $1.58.

The Street EPS estimate for fiscal 2023 of $2.78 reflects a 10.8% increase over the prior year. Similarly, Street’s revenue estimate for the same year of $1.10 billion indicates a 24.6% year-over-year improvement. Additionally, the OPRT has an impressive track record of surprise earnings, as it has exceeded consensus EPS estimates in each of the past four quarters.

OPRT’s stock fell 2.8% during the day to close its last trading session at $8.25.

All five analysts who rate the OPRT have rated it Buy. The 12-month median price target of $25.20 indicates a 205.5% upside potential. Price targets range from a low of $15.00 to a high of $30.00.

LendingTree, Inc. (TREE)

Through its subsidiary LT Intermediate Company, LLC, TREE operates as a consumer platform, offering purchase mortgages, credit cards and information. The company operates through the three major home segments; Consumer; and Insurance.

On June 23, the company released its guidance for the second quarter. TREE estimates its revenue to be between $259 million and $264 million. Adjusted EBITDA is expected to be between $26 million and $29 million. The company also indicated that it remains focused on its strategic initiatives.

For the first fiscal quarter ended March 31, TREE’s revenue increased 3.8% year-over-year to $283.18 million. Adjusted net earnings and adjusted net earnings per share were $6.07 million and $0.46, up 139.8% and 155.6% from the same period of the year former.

Analysts expect TREE’s EPS to rise 8% year-over-year to $0.81 for the quarter ending September 2022. Street expects same-quarter revenue increased by 4.2% over the prior year period to $310.02 million. Additionally, TREE has exceeded consensus EPS estimates in each of the past four quarters, which is impressive.

Shares of TREE have gained 1.5% over the past five days to close its last trading session at $50.55.

Of the seven analysts who rate the stock, six rated it Buy and one rated it Hold. The 12-month median price target of $130.33 indicates a 157.8% upside potential. Price targets range from a low of $62.00 to a high of $190.00.


Shares of RELY remained unchanged in after-hours trading on Monday. Year-to-date, RELY is down -56.79%, compared to a -17.58% rise in the benchmark S&P 500 over the same period.

About the Author: Anushka Dutta

Anushka is an analyst whose interest in understanding the impact of broader economic changes on financial markets motivated her to pursue a career in investment research. After…

More resources for actions in this article

]]>
Alaska State Department of Revenue holds $9.32 million equity position in Synchrony Financial (NYSE:SYF) https://granlogiacostarica.org/alaska-state-department-of-revenue-holds-9-32-million-equity-position-in-synchrony-financial-nysesyf/ Sun, 26 Jun 2022 09:59:59 +0000 https://granlogiacostarica.org/alaska-state-department-of-revenue-holds-9-32-million-equity-position-in-synchrony-financial-nysesyf/

The Alaska State Department of Revenue reduced its stake in Synchrony Financial (NYSE: SYFGet a rating) by 10.8% during the first quarter, Participation channel reports. The institutional investor held 267,723 shares of the financial services provider after selling 32,355 shares during the period. The Alaska State Department of Revenue’s holdings in Synchrony Financial were worth $9,318,000 when it was last filed with the SEC.

Other major investors have also changed their positions in the company. Wedge Capital Management LLP NC increased its stake in Synchrony Financial by 28.0% in the 1st quarter. Wedge Capital Management LLP NC now owns 848,402 shares of the financial services provider valued at $29,533,000 after purchasing an additional 185,837 shares in the last quarter. NuWave Investment Management LLC increased its holdings in Synchrony Financial by 65.0% in the first quarter. NuWave Investment Management LLC now owns 11,030 shares of the financial services provider worth $384,000 after purchasing an additional 4,344 shares during the period. Brookstone Capital Management acquired a new stake in Synchrony Financial in the first quarter worth $238,000. Insight Wealth Strategies LLC increased its holdings in Synchrony Financial by 23.9% in the first quarter. Insight Wealth Strategies LLC now owns 32,718 shares of the financial services provider worth $1,139,000 after purchasing an additional 6,308 shares during the period. Finally, Arden Trust Co increased its holdings of Synchrony Financial shares by 2.1% in the first quarter. Arden Trust Co now owns 16,615 shares of the financial services provider valued at $578,000 after buying 344 additional shares in the last quarter. Hedge funds and other institutional investors hold 98.26% of the company’s shares.

Synchrony Financial Action opened at $29.54 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.18 and a debt ratio of 1.05. Synchrony Financial has a 12-month low of $27.40 and a 12-month high of $52.49. The stock’s 50-day simple moving average is $34.83 and its two-hundred-day simple moving average is $39.55. The company has a market capitalization of $14.81 billion, a PE ratio of 4.01, a P/E/G ratio of 0.22 and a beta of 1.43.

Synchrony Financial (NYSE: SYFGet a rating) last released its quarterly earnings data on Monday, April 18. The financial services provider reported EPS of $1.73 for the quarter, beating the consensus estimate of $1.53 by $0.20. The company posted revenue of $3.79 billion in the quarter, versus a consensus estimate of $2.66 billion. Synchrony Financial had a return on equity of 29.99% and a net margin of 26.26%. During the same period of the previous year, the company achieved EPS of $1.73. On average, equity research analysts expect Synchrony Financial to post an EPS of 5.63 for the current year.

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

The company also recently declared a quarterly dividend, which was paid on Thursday, May 12. Shareholders of record on Monday, May 2 received a dividend of $0.22 per share. This represents a dividend of $0.88 on an annualized basis and a dividend yield of 2.98%. The ex-dividend date was Friday, April 29. Synchrony Financial’s dividend payout ratio is currently 11.94%.

A number of research analysts have weighed in on SYF shares recently. Wolfe Research downgraded Synchrony Financial shares from a “peer performing” rating to an “underperforming” rating and set a price target of $22.00 for the stock. in a research report on Thursday, May 12. Piper Sandler upgraded Synchrony Financial shares from a ‘neutral’ to an ‘overweight’ rating and raised her price target for the company from $48.00 to $49.00 in a Wednesday research report April 6. Wells Fargo & Company cut its price target on Synchrony Financial shares from $52.00 to $45.00 and set an “overweight” rating for the company in a Wednesday, April 6 research note. StockNews.com upgraded Synchrony Financial shares from a “hold” rating to a “buy” rating in a Monday, June 20 research note. Finally, Bank of America lowered its price target on Synchrony Financial shares from $52.00 to $45.00 in a Thursday, March 17 report. One stock research analyst rated the stock with a sell rating, five gave the company a hold rating and thirteen gave the company’s stock a buy rating. According to data from MarketBeat, Synchrony Financial has an average rating of “Moderate Buy” and an average target price of $51.00.

About Synchrony Financial (Get a rating)

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

Featured articles

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

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



Get news and reviews for Synchrony Financial Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Synchrony Financial and related companies with MarketBeat.com’s free daily email newsletter.

]]>
Moody’s National Bank Trust division holds $1.14 million in Synchrony Financial (NYSE:SYF) https://granlogiacostarica.org/moodys-national-bank-trust-division-holds-1-14-million-in-synchrony-financial-nysesyf/ Fri, 24 Jun 2022 10:52:06 +0000 https://granlogiacostarica.org/moodys-national-bank-trust-division-holds-1-14-million-in-synchrony-financial-nysesyf/

Moody’s National Bank Trust Division reduced its stake in Synchrony Financial (NYSE: SYFGet a rating) by 9.6% in the 1st quarter, according to its most recent communication to the Securities & Exchange Commission. The company held 32,675 shares of the financial services provider after selling 3,476 shares during the quarter. Moody’s National Bank Trust Division holdings in Synchrony Financial were worth $1,137,000 at the end of the most recent period.

Other institutional investors have also recently increased or reduced their stake in the company. Moors & Cabot Inc. acquired a new position in Synchrony Financial during the third quarter worth $26,000. CVA Family Office LLC acquired a new position in Synchrony Financial during the fourth quarter worth $30,000. Blue Bell Private Wealth Management LLC acquired a new position in Synchrony Financial during the fourth quarter worth $30,000. Spire Wealth Management increased its holdings in Synchrony Financial by 1,219.7% during the fourth quarter. Spire Wealth Management now owns 871 shares of the financial services provider worth $40,000 after buying an additional 805 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its stake in Synchrony Financial by 115.7% during the fourth quarter. Massmutual Trust Co. FSB ADV now owns 964 shares of the financial services provider worth $45,000 after buying 517 more shares in the last quarter. Institutional investors hold 98.26% of the company’s shares.

Shares of Synchrony Financial Action opened at $28.22 on Friday. The company has a market capitalization of $14.15 billion, a price-earnings ratio of 3.83, a PEG ratio of 0.23 and a beta of 1.43. The company has a quick ratio of 1.18, a current ratio of 1.24 and a debt ratio of 1.05. Synchrony Financial has a 12-month low of $27.40 and a 12-month high of $52.49. The company’s 50-day moving average price is $34.99 and its two-hundred-day moving average price is $39.73.

Synchrony Financial (NYSE: SYFGet a rating) last released its quarterly results on Monday, April 18. The financial services provider reported earnings per share of $1.73 for the quarter, beating consensus analyst estimates of $1.53 by $0.20. Synchrony Financial had a net margin of 26.26% and a return on equity of 29.99%. The company posted revenue of $3.79 billion for the quarter, versus a consensus estimate of $2.66 billion. During the same period last year, the company posted EPS of $1.73. On average, sell-side analysts expect Synchrony Financial to post earnings per share of 5.63 for the current year.

Synchrony Financial announced that its board of directors authorized a stock repurchase plan on Monday, April 18 that allows the company to repurchase $2.80 billion in outstanding stock. This repurchase authorization authorizes the financial services provider to repurchase up to 13.6% of its shares through purchases on the open market. Stock buyback plans often indicate that the company’s management believes its stock is undervalued.

The company also recently declared a quarterly dividend, which was paid on Thursday, May 12. Shareholders of record on Monday, May 2 received a dividend of $0.22. The ex-dividend date was Friday, April 29. This represents a dividend of $0.88 on an annualized basis and a dividend yield of 3.12%. Synchrony Financial’s payout ratio is currently 11.94%.

A number of analysts have commented on SYF shares. Wolfe Research downgraded Synchrony Financial shares from a “peer performing” rating to an “underperforming” rating and set a price target of $22.00 for the company. in a research note on Thursday, May 12. BMO Capital Markets raised its price target on Synchrony Financial shares from $49.00 to $52.00 and gave the company an “outperform” rating in a Tuesday, April 19 research note. Goldman Sachs Group raised its price target on Synchrony Financial shares from $40.00 to $45.00 and gave the company a “buy” rating in a Tuesday, April 19 research report. Bank of America lowered its price target on Synchrony Financial shares from $52.00 to $45.00 in a Thursday, March 17 research report. To finish, StockNews.com moved shares of Synchrony Financial from a “hold” rating to a “buy” rating in a research report on Monday. One analyst rated the stock with a sell rating, five assigned a hold rating and thirteen assigned the company a buy rating. Based on MarketBeat data, Synchrony Financial has an average rating of “Moderate Buy” and an average price target of $51.00.

Synchrony Financial Company Profile (Get a rating)

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

See also

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



Get news and reviews for Synchrony Financial Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Synchrony Financial and related companies with MarketBeat.com’s free daily email newsletter.

]]>
Head-to-head survey: Eagle Financial Services (OTCMKTS: EFSI) vs. TriCo Bancshares (NASDAQ: TCBK) https://granlogiacostarica.org/head-to-head-survey-eagle-financial-services-otcmkts-efsi-vs-trico-bancshares-nasdaq-tcbk/ Wed, 22 Jun 2022 06:34:56 +0000 https://granlogiacostarica.org/head-to-head-survey-eagle-financial-services-otcmkts-efsi-vs-trico-bancshares-nasdaq-tcbk/

Eagle Financial Services (OTCMKTS:EFSIGet a rating) and TriCo Bancshares (NASDAQ:TCBKGet a rating) are both small cap finance companies, but which is the better investment? We’ll compare the two companies based on their dividend strength, analyst recommendations, earnings, institutional ownership, valuation, profitability and risk.

Dividends

Eagle Financial Services pays an annual dividend of $1.12 per share and has a dividend yield of 3.2%. TriCo Bancshares pays an annual dividend of $1.00 per share and has a dividend yield of 2.2%. Eagle Financial Services pays 33.9% of its earnings as a dividend. TriCo Bancshares pays 28.7% of its profits as a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings over the next few years. TriCo Bancshares has increased its dividend for 1 consecutive years.

Risk and Volatility

Eagle Financial Services has a beta of 0.62, meaning its stock price is 38% less volatile than the S&P 500. Comparatively, TriCo Bancshares has a beta of 0.54, meaning its stock price is 46 % less volatile than the S&P 500.

Insider and Institutional Ownership

1.3% of Eagle Financial Services shares are held by institutional investors. By comparison, 57.7% of TriCo Bancshares shares are held by institutional investors. 12.9% of Eagle Financial Services shares are held by insiders. By comparison, 4.1% of TriCo Bancshares shares are held by insiders. Strong institutional ownership indicates that hedge funds, large fund managers, and endowments believe a company will outperform the market over the long term.

Benefits and evaluation

This table compares the revenue, earnings per share and valuation of Eagle Financial Services and TriCo Bancshares.

Gross revenue Price/sales ratio Net revenue Earnings per share Price/earnings ratio
Eagle Financial Services $54.00 million 2.29 $11.02 million $3.30 10.75
TriCo Bench Shares $340.71 million 4.56 $117.65 million $3.48 13.19

TriCo Bancshares has higher revenues and profits than Eagle Financial Services. Eagle Financial Services trades at a lower price-to-earnings ratio than TriCo Bancshares, indicating that it is currently the more affordable of the two stocks.

Profitability

This table compares the net margins, return on equity and return on assets of Eagle Financial Services and TriCo Bancshares.

Net margins Return on equity return on assets
Eagle Financial Services 20.26% 10.62% 0.89%
TriCo Bench Shares 30.61% 10.62% 1.24%

Analyst Recommendations

This is a breakdown of the current recommendations for Eagle Financial Services and TriCo Bancshares, as provided by MarketBeat.com.

Sales Ratings Hold odds Buy reviews Strong buy odds Rating
Eagle Financial Services 0 0 0 0 N / A
TriCo Bench Shares 0 0 5 0 3.00

TriCo Bancshares has a consensus price target of $48.40, suggesting a potential upside of 5.42%. Given the higher potential upside of TriCo Bancshares, analysts clearly believe that TriCo Bancshares is more favorable than Eagle Financial Services.

Summary

TriCo Bancshares beats Eagle Financial Services on 12 out of 15 factors compared between the two stocks.

About Eagle Financial Services (Get a rating)

Eagle Financial Services, Inc. operates as a bank holding company for Bank of Clarke County which provides various retail and commercial banking products and services in the Shenandoah Valley and Northern Virginia. The Company’s deposit products include checking, NOW, money market and ordinary savings accounts; and sight and term deposits. Its loan portfolio includes residential real estate for one to four families, commercial real estate, construction and land development loans, commercial and industrial loans, as well as secured and unsecured consumer loans. , which include personal installment loans, personal lines of credit, car loans and credit card loans. The company also offers services to individuals and pension plans; investment services including tax-deferred annuities, IRAs and rollovers, mutual funds, retirement plans, education savings plans, life insurance, long-term care insurance, investments fixed income, brokerage CDs and full or discount brokerage services; investment products other than deposits; and title insurance products. Additionally, it provides ATM and debit cards; and telephone, Internet, and mobile banking, as well as other commercial deposit account services, such as ACH origination and remote deposit capture services. The company operates through twelve full-service branches, two loan origination offices, a wealth management office and a drive-thru only, as well as 13 ATMs in the Virginia communities of Berryville, Winchester, Boyce, Stephens City , Purcellville, Warrenton, Leesburg, Ashburn and Fairfax. Eagle Financial Services, Inc. was founded in 1881 and is headquartered in Berryville, Virginia.

About TriCo Bancshares (Get a rating)

TriCo Bancshares logoTriCo Bancshares operates as a bank holding company for Tri Counties Bank which provides retail and corporate commercial banking services. The company accepts demand, savings and term deposits. It also provides small business loans; real estate mortgage loans, such as residential and commercial loans; consumer loans; commercial loans, including agricultural loans; and housing construction loans. Additionally, the company offers cash management services; and other usual banking services, including safe deposit boxes; and independent financial and brokerage services. It operates 61 brick-and-mortar branches, 7 in-store branches, and 7 loan origination offices in 31 counties across California. The company was founded in 1975 and is based in Chico, California.



Get news and reviews for Eagle Financial Services Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Eagle Financial Services and related companies with MarketBeat.com’s free daily email newsletter.

]]>
Bank/non-bank partnerships could come under CFPB scrutiny https://granlogiacostarica.org/bank-non-bank-partnerships-could-come-under-cfpb-scrutiny/ Mon, 20 Jun 2022 15:53:02 +0000 https://granlogiacostarica.org/bank-non-bank-partnerships-could-come-under-cfpb-scrutiny/

Delivery the opening speech Last week at the Consumer Federation of America’s 2022 Consumer Assembly, CFPB Deputy Director Zixta Martinez said the CFPB is “looking closely” at rent-a-bank programs.

Assistant manager Martinez said that “[s]some lenders attempt to use [relationships with banks] to evade state interest rate caps and licensing laws by pretending that the bank, rather than the non-bank, is the lender. She said “lenders employing bank leasing programs have unusually high default rates, raising questions about whether their products fail borrowers.” She said the CFPB’s consumer complaints database “reveals a range of other significant consumer protection issues with certain loans associated with banking partnerships.”

To date, the CFPB’s enforcement action has only raised “renting a charter” issues in the context of tribal lending, notably in its enforcement action against CashCall. The CFPB lawsuit broke ground by alleging UDAAP violations based on CashCall’s efforts to collect loans allegedly void in whole or in part under state law. The CFPB complaint alleged that the loans in question, which were made by a tribal-affiliated entity, were void in whole or in part under state law because, based on the substance of the transactions , CashCall was the “de facto” or “true” lender and as such charged excessive interest and/or failed to obtain the required license.

The district court agreed with the CFPB that since CashCall was the “true lender” on the loans, the tribe affiliated with the loans did not have a sufficient relationship with the loans for the court to enforce the tribal choice provision. of the law in loan agreements. and there was no other reasonable basis for the choice of tribal laws. As a result, the district court found that CashCall engaged in a deceptive practice within the meaning of the CFPA when servicing and collecting the loans by creating the false impression that the loans were enforceable and borrowers were obligated to repay. loans in accordance with the terms of their loan agreements.

On appeal, the Ninth Circuit ruled that the district court was correct in refusing both to give effect to the choice of law provision and to apply the law of the borrowers’ home states, thereby resulting in the invalidity of loans. He characterized the role of the tribal entity in the transactions as “economically non-existent” and having “no purpose other than to create the appearance that the transactions had a connection to the tribe”. According to the Ninth Circuit, “the only reason the parties chose to [tribal] right [in the loan agreements] was to pursue CashCall’s plan to avoid state usury and licensing laws.

It should be noted, however, that the Ninth Circuit expressly rejected the use of a “genuine lender” theory as the basis for its decision. In response to CashCall’s objection to the district court’s finding that it was the “true lender” of the loans, the Ninth Circuit said that “[t]To the extent that CashCall invokes cases involving banks, we note that banks present different considerations because federal law prevents certain state restrictions on the interest rates charged by banks. Commenting that “[w]We do not consider how the result here might differ if [the tribal entity] had been a bank”, the Ninth Circuit said that “we need not employ the concept of ‘genuine lender’, much less establish a general test for identifying a ‘genuine lender’. “In his view, for the purposes of the choice of law issue, it was sufficient to consider the “economic reality” of loans which “reveal[ed] that the tribe had no substantial connection to the transactions.

More importantly, the Ninth Circuit rejected CashCall’s argument that a finding of deceptive practice under the CFPA could not be based on deception about state law. He found no support for the CFPA’s argument and noted that while the CFPA prohibits the establishment of a national attrition rate, the CFPB had not done so in Call for funds because each state’s usury and licensing laws still applied.

Ms. Martinez’s comments raise the possibility that the CFPB is now trying to use the UDAAP outside the tribal context to challenge non-banks involved in banking partnerships alleging violations of state usury and laws on licensing based on the theory that the partnership is a “rent-banking scheme. However, since many of the banks involved in such partnerships are smaller banks over which the CFPB has no authority supervisory or enforcement (i.e. banks with $10 billion or less in assets), the CFPB should manage potential concerns that the FDIC, the primary federal banking regulator, may have if the CFPB had to challenge such partnerships.

Non-bank/bank partnerships are currently under siege in several directions. Four Democratic members of the California state legislature recently sent a letter to the FDIC urging the agency to take action against FDIC-supervised banks that partner with non-bank lenders to offer installment loans. at high cost. On June 1, 2022, a class action lawsuit was filed against fintech lender Opportunity Financial, LLC (OppFi) in a federal district court in Texas in which the named plaintiff alleges that OppFi engaged in a “rent- a-bank” with a state-chartered bank to provide loans at rates higher than allowed by Texas law. OppFi is also engaged in litigation in California state court where the California Department of Financial Protection and Innovation is trying to apply California usury law to loans made under the partnership of OppFi with a state-chartered bank alleging that OppFi is the “true lender” on the loans.

]]>
Akbank TAS (OTCMKTS:AKBTY) is trading up 6.2% https://granlogiacostarica.org/akbank-tas-otcmktsakbty-is-trading-up-6-2/ Sat, 18 Jun 2022 15:08:56 +0000 https://granlogiacostarica.org/akbank-tas-otcmktsakbty-is-trading-up-6-2/

Akbank TAS (OTCMKTS: AKBTYGet a rating) shares rose 6.2% in Thursday’s session. The company traded as low as $1.03 and last traded at $1.03. Approximately 139,315 shares were traded during trading, a 412% increase from the average daily volume of 27,188 shares. The stock previously closed at $0.97.

Separately, JPMorgan Chase & Co. raised its price target on Akbank TAS from 12.70 to 15.00 and gave the stock an “overweight” rating in a Thursday, May 5 research note.

The company has a 50-day simple moving average of $1.07 and a two-hundred-day simple moving average of $1.08.

The company also recently declared a dividend, which was paid on Friday, April 8. Investors of record on Thursday, March 31 received a dividend of $0.0227 per share. This represents a dividend yield of 2.1%. The ex-dividend date was Wednesday, March 30.

Akbank TAS Company Profile (OTCMKTS: AKBTY)

Akbank TAS, together with its subsidiaries, provides various banking products and services in Turkey and abroad. It operates through: Retail Banking; Commercial Bank, SME Bank, Investment Bank and Private Bank; and Treasury segments. The Company’s retail banking services include deposit accounts, personal loans, commercial installment loans, credit cards, insurance products and asset management services, as well as bank cards, investment fund trading, automatic payment, foreign currency trading, safe deposit box rental, checks, money transfer, investment banking, and telephone and Internet banking.

Featured Articles



Get news and reviews for Akbank TAS Daily – Enter your email address below to receive a concise daily summary of the latest news and analyst notes for Akbank TAS and related companies with MarketBeat.com’s FREE daily newsletter.

]]>
M&T Bank Corporation – Consensus indicates 23.7% upside potential https://granlogiacostarica.org/mt-bank-corporation-consensus-indicates-23-7-upside-potential/ Fri, 17 Jun 2022 11:53:18 +0000 https://granlogiacostarica.org/mt-bank-corporation-consensus-indicates-23-7-upside-potential/

M&T Banking Corporation found using the ticker (MTB) now have 18 analysts covering the stock with the consensus suggesting a buy rating. The target price ranges between 240 and 172.65 calculating the average target price we see 204.73. With the stock’s previous close at 165.49, this would imply upside potential of 23.7%. The 50-day MA is at 169.2 and the 200 moving average is now moving to 163.17. The company has a market cap of $28,822 million. You can visit the company’s website by visiting: https://www3.mtb.com

The potential market capitalization would be $35,656 million based on market consensus.

You can now share it on Stocktwits, just click on the logo below and add the ticker in the text to be seen.

M&T Bank Corporation operates as a bank holding company that provides commercial and retail banking services. The Company’s Business Banking segment provides deposit, lending, cash management and other financial services to small businesses and professionals. Its Commercial Banking segment provides deposit products, commercial loans and leases, letters of credit and cash management services to medium and large commercial enterprises. The Company’s commercial real estate segment originates, sells and services commercial real estate loans; and offers deposit services. Its discretionary portfolio segment provides deposits; securities, residential real estate loans and other assets; and short-term and long-term borrowed funds, as well as foreign exchange services. The Company’s Residential Mortgage Banking segment offers residential real estate loans to consumers and sells these loans in the secondary market; and purchases service rights on loans issued by other entities. Its Retail Banking segment offers current, savings and term accounts; consumer installment loans, auto and recreational finance loans, home equity loans and lines of credit, and credit cards; mutual funds and annuities; and other services. The company also offers fiduciary management and wealth management services; trustee and custodian; Insurance Agency; institutional brokerage and securities; and investment management services. It offers its services through bank offices, business banking centers, telephone and internet banking, and automated banking machines. As of December 31, 2021, the company operated 688 national banking offices in New York State, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia, and the District of Columbia; and a full-service commercial banking office in Ontario, Canada. M&T Bank Corporation was founded in 1856 and is headquartered in Buffalo, New York.

]]> Salisbury Bancorp, Inc. (NASDAQ:SAL) Sees Significant Short-Term Interest Growth https://granlogiacostarica.org/salisbury-bancorp-inc-nasdaqsal-sees-significant-short-term-interest-growth/ Wed, 15 Jun 2022 19:11:35 +0000 https://granlogiacostarica.org/salisbury-bancorp-inc-nasdaqsal-sees-significant-short-term-interest-growth/

Salisbury Bancorp, Inc. (NASDAQ: SAL – Get a rating) saw strong growth in short-term interest during the month of May. As of May 31, there were short interests totaling 4,700 shares, up 42.4% from the May 15 total of 3,300 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 2,500 shares, the short interest ratio is currently 1.9 days.

Salisbury Bancorp’s stock traded down $0.13 during Wednesday’s trading, hitting $51.68. 689 shares of the company were traded, against an average volume of 2,635. The company’s 50-day moving average is $32.10 and its two-hundred-day moving average is $28.86. The company has a debt ratio of 0.23, a quick ratio of 0.90 and a current ratio of 0.90. Salisbury Bancorp has a 52-week low of $46.13 and a 52-week high of $59.90. The company has a market capitalization of $149.15 million, a price-earnings ratio of 9.61 and a beta of 0.76.

Shares of Salisbury Bancorp will split on Friday July 1. The 2-1 split was announced on Friday July 1. The newly issued shares will be issued to shareholders after the closing bell on Friday, July 1.

Salisbury Bancorp (NASDAQ:SAL – Get a rating) last released its results on Wednesday, April 20. The bank reported EPS of $0.62 for the quarter, missing the consensus estimate of $0.73 per ($0.11). Salisbury Bancorp had a return on equity of 11.40% and a net margin of 27.34%. The company posted revenue of $13.40 million in the quarter, versus a consensus estimate of $13.80 million. Analysts expect Salisbury Bancorp to post an EPS of 5.61 for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, May 27. Shareholders of record on Friday, May 13 received a dividend of $0.16. This represents an annualized dividend of $0.64 and a yield of 1.24%. The ex-dividend date was Thursday, May 12. Salisbury Bancorp’s dividend payout ratio (DPR) is 23.79%.

In other news from Salisbury Bancorp, EVP Steven M. Essex sold 700 shares of the company in a trade on Wednesday, June 8. The stock was sold at an average price of $52.12, for a total value of $36,484.00. Following the completion of the transaction, the executive vice president now directly owns 500 shares of the company, valued at approximately $26,060. The sale was disclosed in a legal filing with the Securities & Exchange Commission, available at this hyperlink. Insiders hold 8.79% of the shares of the company.

A number of hedge funds and other institutional investors have recently bought and sold shares of SAL. MCF Advisors LLC bought a new position in Salisbury Bancorp in Q1 worth around $25,000. Asset Dedication LLC bought a new position in Salisbury Bancorp in Q1 worth around $33,000. Magnolia Capital Management Ltd. bought a new position in Salisbury Bancorp in Q4 worth around $59,000. Royal Bank of Canada increased its position in Salisbury Bancorp by 1,007.3% in the third quarter. Royal Bank of Canada now owns 1,517 shares of the bank worth $77,000 after buying an additional 1,380 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in Salisbury Bancorp in Q4 worth around $200,000. Hedge funds and other institutional investors own 23.11% of the company’s shares.

Separately, StockNews.com supposed coverage of Salisbury Bancorp shares in a Tuesday research note. They set a “hold” rating for the company.

Salisbury Bancorp Company Profile (Get a rating)

Salisbury Bancorp, Inc operates as a bank holding company for Salisbury Bank and Trust Company which provides commercial banking, consumer finance, retail banking, and trust and wealth advisory services. It offers various deposit products to individuals and businesses. The company also provides loans, such as residential and commercial real estate loans; building loans; working capital loans; equipment loans; and consumer loans, including home equity loans and lines of credit, secured loans, and auto and personal installment loans.

See also

This instant news alert was powered by MarketBeat’s storytelling 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]

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

Before you consider Salisbury 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 takes off…and Salisbury Bancorp was not on the list.

While Salisbury Bancorp currently has an “N/A” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

]]> C&F Financial (NASDAQ:CFFI) stock price breaks below the 200-day moving average of $51.05 https://granlogiacostarica.org/cf-financial-nasdaqcffi-stock-price-breaks-below-the-200-day-moving-average-of-51-05/ Tue, 14 Jun 2022 06:07:08 +0000 https://granlogiacostarica.org/cf-financial-nasdaqcffi-stock-price-breaks-below-the-200-day-moving-average-of-51-05/

C&F Financial Co. (NASDAQ: CFFIGet a rating) the stock price broke below its 200-day moving average during Monday’s session. The stock has a 200-day moving average of $51.05 and is trading as low as $48.66. Shares of C&F Financial last traded at $49.34, with volume traded at 4,721 shares.

Separately, StockNews.com began covering C&F Financial shares in a research report on Tuesday. They issued a “buy” rating for the company.

The company has a 50-day moving average of $50.83 and a 200-day moving average of $51.05. The stock has a market capitalization of $174.47 million, a price-earnings ratio of 6.48 and a beta of 0.44. The company has a debt ratio of 0.28, a quick ratio of 0.84 and a current ratio of 0.86.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, July 1. Investors of record on Wednesday, June 15 will receive a dividend of $0.40. The ex-dividend date is Tuesday, June 14. This represents an annualized dividend of $1.60 and a yield of 3.24%. C&F Financial’s dividend payout ratio (DPR) is 21.02%.

In other C&F Financial news, Director James H. Hudson III sold 2,200 shares of C&F Financial in a trade Thursday, May 5. The shares were sold at an average price of $51.01, for a total value of $112,222.00. As a result of the transaction, the administrator now directly owns 11,627 shares of the company, valued at $593,093.27. The transaction was disclosed in an SEC filing, available at the SEC website. Insiders of the company own 6.40% of the shares of the company.

A number of institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in shares of C&F Financial by 1.8% during the third quarter. Dimensional Fund Advisors LP now owns 189,596 shares of the financial services provider worth $10,069,000 after buying 3,266 additional shares in the last quarter. The Manufacturers Life Insurance Company increased its position in C&F Financial by 13.9% in the first quarter. The Manufacturers Life Insurance Company now owns 75,588 shares of the financial services provider worth $3,788,000 after purchasing an additional 9,203 shares in the last quarter. Advisor Group Holdings Inc. increased its position in C&F Financial by 0.7% during the 1st quarter. Advisor Group Holdings Inc. now owns 55,874 shares of the financial services provider worth $2,823,000 after buying 413 additional shares in the last quarter. LSV Asset Management increased its stake in C&F Financial shares by 2.3% in Q1. LSV Asset Management now owns 38,267 shares of the financial services provider worth $1,918,000 after acquiring an additional 851 shares during the period. Finally, Geode Capital Management LLC increased its stake in C&F Financial shares by 10.2% in the third quarter. Geode Capital Management LLC now owns 28,514 shares of the financial services provider valued at $1,514,000 after acquiring 2,641 additional shares last quarter. 27.58% of the shares are held by institutional investors.

C&F Financial Company Profile (NASDAQ: CFFI)

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

Featured articles



Get news and reviews for C&F Financial Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for C&F Financial and related companies with MarketBeat.com’s free daily email newsletter.

]]>
Direct comparison between Greene County Bancorp (NASDAQ:GCBC) and Cullman Bancorp (NASDAQ:CULL) https://granlogiacostarica.org/direct-comparison-between-greene-county-bancorp-nasdaqgcbc-and-cullman-bancorp-nasdaqcull/ Sun, 12 Jun 2022 02:19:14 +0000 https://granlogiacostarica.org/direct-comparison-between-greene-county-bancorp-nasdaqgcbc-and-cullman-bancorp-nasdaqcull/

Greene County Bank (NASDAQ: GCBCGet a rating) and Cullman Bancorp (NASDAQ: CULLGet a rating) are both finance companies, but which company is superior? We’ll compare the two companies based on their dividend strength, valuation, risk, profitability, analyst recommendations, earnings, and institutional ownership.

Insider and Institutional Ownership

7.0% of Greene County Bancorp’s stock is held by institutional investors. By comparison, 5.2% of Cullman Bancorp’s shares are held by institutional investors. 6.4% of Greene County Bancorp’s stock is held by insiders of the company. Strong institutional ownership indicates that hedge funds, large fund managers, and endowments believe a stock will outperform the market over the long term.

Benefits and evaluation

This chart compares the gross revenue, earnings per share, and valuation of Greene County Bancorp and Cullman Bancorp.

Gross revenue Price/sales ratio Net revenue Earnings per share Price/earnings ratio
Bancorp of Greene County $68.00 million N / A $23.94 million $3.38 1:37 p.m.
Cullman Bancorp $14.88 million 5.46 $1.75 million N / A N / A

Greene County Bancorp has higher revenues and profits than Cullman Bancorp.

Analyst Notes

This is a breakdown of the current ratings and recommendations for Greene County Bancorp and Cullman Bancorp, as reported by MarketBeat.com.

Sales Ratings Hold odds Buy reviews Strong buy odds Rating
Bancorp of Greene County 0 0 0 0 N / A
Cullman Bancorp 0 0 0 0 N / A

Dividends

Greene County Bancorp pays an annual dividend of $0.52 per share and has a dividend yield of 1.2%. Cullman Bancorp pays an annual dividend of $0.12 per share and has a dividend yield of 1.1%. Greene County Bancorp pays 15.4% of its profits as a dividend. Greene County Bancorp has increased its dividend for 8 consecutive years. Greene County Bancorp is clearly the best dividend stock, given its higher yield and longer track record of dividend growth.

Profitability

This table compares the net margins, return on equity and return on assets of Greene County Bancorp and Cullman Bancorp.

Net margins Return on equity return on assets
Bancorp of Greene County 38.97% 18.54% 1.23%
Cullman Bancorp 13.10% 2.23% 0.54%

Summary

Greene County Bancorp beats Cullman Bancorp on 9 of 10 factors compared between the two stocks.

About Greene County Bancorp (Get a rating)

Greene County Bancorp, Inc. operates as a holding company for Greene County Bank which provides various financial services in the United States. Its deposit products include savings, NOW accounts, money market accounts, certificates of deposit, non-interest bearing checking accounts and individual retirement accounts. The Company’s loan portfolio consists of residential, construction and land, and multi-family mortgages; commercial real estate mortgages; consumer loans, such as new and used automobile loans, personal loans and home equity loans, and other consumer installment loans, including passbook loans, unsecured for home improvement, recreational vehicle loans and deposit account overdrafts; and commercial loans. As of June 30, 2021, it operated a network of 17 full-service bank branches. The company was founded in 1889 and is based in Catskill, New York. Greene County Bancorp, Inc. is a subsidiary of Greene County Bancorp, MHC.

About Cullman Bancorp (Get a rating)

Cullman Bancorp LogoCullman Bancorp, Inc. operates as a holding company for Cullman Savings Bank which provides various banking products and services. It offers individual checking, savings and retirement accounts, as well as certificates of deposit accounts. The Company also offers residential real estate for one to four families, commercial, commercial and industrial real estate, construction, multi-family real estate and consumer loans; and invests in securities. It operates three branches in Cullman, Alabama; and a branch in Hanceville, Alabama. The company was founded in 1887 and is headquartered in Cullman, Alabama.



Get news and reviews for Greene County Bancorp Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Greene County Bancorp and related companies with MarketBeat.com’s FREE daily newsletter.

]]>