Finance – Ardud http://ardud.ro/ Thu, 17 Nov 2022 06:45:06 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://ardud.ro/wp-content/uploads/2021/05/default1-150x150.png Finance – Ardud http://ardud.ro/ 32 32 Ten female tech founders in East Africa deserve to be celebrated https://ardud.ro/ten-female-tech-founders-in-east-africa-deserve-to-be-celebrated/ Thu, 17 Nov 2022 06:45:06 +0000 https://ardud.ro/ten-female-tech-founders-in-east-africa-deserve-to-be-celebrated/ More women, especially in East Africa, are making a significant impact in Africa, despite limited access to global opportunities. The continent has the highest percentage of female entrepreneurs in the world. This number was assigned to their resilience and courage in the face of defeat. While African women have contributed to economic growth, their impacts […]]]>

More women, especially in East Africa, are making a significant impact in Africa, despite limited access to global opportunities. The continent has the highest percentage of female entrepreneurs in the world. This number was assigned to their resilience and courage in the face of defeat.

While African women have contributed to economic growth, their impacts are underestimated. Indeed, African society attaches great importance to the male child, a practice that mitigates the impacts of the female gender.

Last month, we introduced or reintroduced you tech founders who offer solutions in North Africa. This week, we bring you a follow-up article on ten selected tech founders in East Africa. Some of these women are innovative sectors and have solutions beyond their country of origin. This list is not exhaustive.

#1. Jihan Abass – (Kenya, Lami)

Jihan Abass is the founder and CEO of Lami Insurance Technology (Lami), an insurance gateway as a service. Lami is an end-to-end digital insurance platform and API that enables businesses across all industries to offer insurance products.

The startup is on a mission to provide a solution for the entire insurance ecosystem by helping businesses sell the coverage customers need. It uses technology to enable users to create and distribute digital insurance products in record time. Founded in 2018, Lami has raised $5.6 million over a total of four funding rounds.

Jihan Abass, Founder and CEO, Lami.

#2. Shamim Nabuuma Kaliisa (Uganda, Chill AI Lab)

Shamim Nabuuma Kaliisa is the founder of Chil Artificial Intelligence Lab (Chill AI Lab), a Femtech startup that harnesses AI to improve access to reproductive health cancer diagnosis.

Through Keti, her mobile app, women could consult with oncology experts and have samples taken and sent to labs. Subsequently, they obtain a diagnosis and a medical opinion.

Kaliisa is one of Africa’s young global leaders, serving as a director on several boards. His startup has raised about $4 million in five funding rounds and earns hundreds of thousands of dollars a year.

CHIL AI Lab became CHIL AI Group, developing products in other sub-sectors, including agritech, fintech and drone technology, aimed specifically at women.

Shamim Nabuuma Kaliisa, Founder of CHIL AI Lab.
Shamim Nabuuma Kaliisa, Founder of CHIL AI Lab.

#3. Cynthia Wandia (Kenya, Kwara)

Cynthia Wandia is the co-founder and CEO of Kwara, a neo-banking startup for credit unions in Kenya. The Nairobi and Berlin-based startup is transforming credit unions in Kenya (savings and credit cooperative societies, SACCOs) into modern digital banks. The fintech was launched in 2019 to help SACCOs transition to digital platforms, providing them with its proprietary backend-as-a-service (BaaS) software.

In December 2021, Kwara raised $4 million in a seed round to create a neo-banking app allowing individuals to sign up with their favorite credit unions to access various financial services. The neobank provides access to instant loans and third-party services such as insurance for union members.

Wandia co-founded the company with David Hwan, its COO.

Cynthia Wandia, Co-Founder and CEO, Kwara.
Cynthia Wandia, Co-Founder and CEO, Kwara.

#4. Thérèse Izay Kirongozi (DRC, Traffic Robot)

Thérèse Izay Kirongozi is a Congolese engineer. She is notable for designing traffic robots that help control traffic while enforcing traffic laws and reducing road deaths.

Founded in 2013, the ease with which people could speed up, run red lights, and flee (or bribe their way) out of the consequences inspired the innovator. She wanted something more reliable and incorruptible.

According to Kirongozi, Traffic Robot helps hold people accountable to the rule of law and could help the state recoup revenue, potentially funding new infrastructure developments.

Thérèse Izay Kirongozi, founder of Traffic Robot.
Thérèse Izay Kirongozi, founder of Traffic Robot.

#5. Radhika Bhachu (Kenya, Ndovu)

Radhika Bhachu is the co-founder and CEO of Ndovu, a Fintech that gives people easy access to global stock markets. Ndovu simplifies investment solutions and provides easy access to global stock markets for Africans from their smartphones.

It also educates and guides its users through the investment journey to enable them to achieve their financial goals. Its Robo-Advisor helps provide retail investors with digital advice and access to global and local markets.

Bhachu is an experienced investment and relationship expert with UK-based asset management firms including Deloitte Consulting and BlackRock.

Radhika Bhachu, co-founder and CEO of Ndovu.
Radhika Bhachu, co-founder and CEO of Ndovu.

#6. Evelyn Ngatia (Kenya, TechWatt)

Evelyn Ngatia is the Founder and CEO of TechaWatt Ltd, the parent body of the 4th Industrial Revolution (4IR) Academy, an EdTechca platform. The startup offers corporate training, thought leadership, strategy consulting, and speaking engagements.

Some of the 4IR strategic skills it offers include the 4IR Foundation course, the 4IR in Sectors course, and the 4IR and Sustainability course.

Ngatia is a member of several notable boards and is currently Chair of the Board of the Women in Tech Alliance, European Chamber of Technology.

Evelyne Ngatia, founder of TechWatt.
Evelyne Ngatia, founder of TechWatt.

#seven. Neema Iyer – (Uganda, Pollicy)

Neema Iyer is a technopreneur and fine artist who is the founder and director of Pollicy, a feminist collective of technologists, data scientists and creatives. Through Pollicy, Iyer is influencing Uganda’s digital development sector through an innovative lens at the intersection of data, technology and design to improve government service delivery.

Pollicy is based on three main pillars; data training, data research and building technology products. The startup has worked on over 100 projects, conducted over 200 data events, and trained nearly 5,000 people.

In July last year, Iyer was named to Facebook’s Global Women’s Safety Advisory Board. This year, Iyer and Pollicy announced a digital ambassador program to promote skills development and access to online technology for young African women.

Neema Iyer, founder of Pollicy.
Neema Iyer, founder of Pollicy.

#8. Linda Bonyo (Kenya, Lawyers Hub)

Linda Bonyo is the Founder and CEO of Lawyers Hub, a Law-Tech startup working on digital policy and judicial innovation in Africa.

Through the Lawyers Hub, Bonyo runs the Africa Digital Policy Institute, the Africa Law Tech Association and the Africa Startup Law Accelerator. The startup focuses on data governance, artificial intelligence, intellectual property, digital identity, internet governance, digital economy, technology and democracy.

Boyo is the organizer of the annual Africa Law Tech Festival and Africa Legal Innovation Week on Justice Innovation.

Linda Bonyo, founder of Lawyers Hub.
Linda Bonyo, founder of Lawyers Hub.

#9. Wambui Karingithi (Kenya, Chiza Health)

Wambui Karingithi is the Founder and CEO of Chiza Health, a health technology startup that seeks to solve the complex puzzles of healthcare for physicians, institutions and patients. The startup offers a connected healthcare ecosystem that drives efficiency and positive outcomes to increase satisfaction for institutions, healthcare providers and patients.

Chiza Health offers three main solutions, including Chiza MedicHub, which provides efficient management and movement of medical personnel, Chiza Care, which offers organized and goal-oriented home care, and MyChiza, which is a virtual health assistant focused on preventive care.

Wambui Karingithi, founder of Chiza Health.
Wambui Karingithi, founder of Chiza Health.

#ten. Cleopatra Kanyunyuzi (Uganda, Club Tangaza)

Cleopatra Kanyunyuzi is the co-founder and CEO of Club Tangaza, an EdTech startup that teaches kids (ages 4-18) and beginners how to code in an enjoyable way. The digital platform allows learners to virtually interact with top instructors to learn how to code and build games, apps, and websites, through given programs and digital tools.

Kanyunyuzi holds a master’s degree in Data Communication and Software Engineering from Makerere University. She is a firm believer that coding for kids is one of the many paths to the middle class economy.

Cléopâtre Kanyunyuzi, co-founder and CEO of Club Tangaza.
Cléopâtre Kanyunyuzi, co-founder and CEO of Club Tangaza.

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6 advantages of two-wheeled loans that make your life easier! https://ardud.ro/6-advantages-of-two-wheeled-loans-that-make-your-life-easier/ Mon, 14 Nov 2022 07:45:34 +0000 https://ardud.ro/6-advantages-of-two-wheeled-loans-that-make-your-life-easier/ A recent study by the IDFC Institute shows that a typical 30-minute journey on Mumbai’s main roads takes over 60 minutes during rush hour. While the numbers apply to Mumbai, the same can be said for all other metropolitan cities. A two-wheeler is your most reliable bet for getting through rush hour. Nimble enough to […]]]>

A recent study by the IDFC Institute shows that a typical 30-minute journey on Mumbai’s main roads takes over 60 minutes during rush hour. While the numbers apply to Mumbai, the same can be said for all other metropolitan cities. A two-wheeler is your most reliable bet for getting through rush hour. Nimble enough to weave through traffic, a two-wheeler can help cut your commute time and fuel costs, and help you stick to your appointments.

These benefits have boosted sales figures, making India’s two-wheeler market the largest and fastest growing. While commuter bikes are offered at a great price to meet this growing demand, customers can also avail two-wheeled loans at affordable bike loan interest rates. If you are currently thinking about buying a new two-wheeler on loan, here is how this loan will make your life easier.

Easy on the pocket

Buying a bicycle is undoubtedly a significant investment that requires quite large funds. A two-wheeler loan eliminates the need to pay for the bike all at once. Even if you have the necessary funds in your savings reserves, spending them as a lump sum can be unwise. Choosing a low-interest bike loan to finance your bike allows you to pay for the model in small monthly installments, protecting your savings reserves for unexpected rainy days. Plus, because two-wheeler loans let you choose repayment terms (12 to 48 months) that suit your needs, your bike loan EMIs don’t overburden your monthly expenses.

Zero waiting

If you want to buy a new two-wheeler without a loan, you will have to spend considerable time accumulating funds to finance the purchase. Saving enough funds can take a few years for people who are just starting a career or who already have existing financial liabilities. However, with a two-wheeler loan, you can avoid this hassle. Since the two-wheeler loan application process is quite simple, most lenders verify and sanction the loan in just a few days. Some even offer instant approvals to preferred customers, where the loan amount is disbursed within seconds. If you take out a two-wheeler loan from a lender that has ties to the bike dealership, your loan can be disbursed instantly.

Simplified application process

Gathering the documents for a loan application can be quite complicated. However, you won’t have to worry about this issue with a two-wheeler loan. Most lenders allow you to apply with only a basic set of documents, with some having a “no documentation” clause for existing clients. Plus, since two-wheeler loans come with a basic, easy-to-follow eligibility checklist, it’s easy to apply for and get quick approvals. So, whether you are an employee or self-employed, you can apply for a two-wheeler loan online and avoid going to physical offices.

Zero compromise

Budget plays a crucial role in determining the type of bike you eventually buy. In other words, your choices remain circumscribed by your budgetary parameters. Many potential buyers often compromise their choices simply because they need more funds to purchase a model with better specs. However, if you opt for a two-wheeler loan, you can completely free yourself from these budgetary constraints. With banks and NBFCs offering up to 100% financing options, you can even forgo the burden of managing funds for your dream bike down payment.

Affordable Interest Rates for Bike Loan

To make two-wheeler loans more affordable for customers, banks and NBFCs cap their interest rates on bike loans at fairly affordable levels. With bike loan interest rates starting at just 7%, you won’t have to worry about interest payments when deciding to finance your dream bike. Additionally, if you have an existing relationship with the lender or a good credit rating, the lender may also offer you a discount on the base bike loan interest rate. This means you can buy your dream bike, meet all of your existing financial obligations, and save money without too much hassle.

Help build your credit profile

A good credit profile can give you several credit benefits. Although a good credit score isn’t necessary for a bike loan, you can use your two-wheeler loan to build a credit profile. Since two-wheeler loans come with manageable EMIs and flexible repayment terms, it is quite easy to repay these loans on time. Repaying your two-wheeler loan on time positions you as a creditworthy borrower, thus improving your CIBIL score. This, in turn, increases your chances of getting high-value loans – like car or home loans – at cheaper rates in the future.

Besides these benefits, some lenders also offer special offers such as free insurance coverages, discounts on accessories, etc. For example, if you opt for a loan with two wheels on Bajaj Markets, you can benefit from several festive and seasonal offers. In addition to attractive interest rates for bicycle loans, you also benefit from up to 100% financing on certain models. With quick and easy approvals, you can apply for a two-wheeler loan with minimal paperwork online to take home your dream bike today!

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Banco Santander (Brasil) SA (NYSE:BSBR) Receives Consensus Rating of “Hold” by Brokerages https://ardud.ro/banco-santander-brasil-sa-nysebsbr-receives-consensus-rating-of-hold-by-brokerages/ Fri, 11 Nov 2022 07:25:35 +0000 https://ardud.ro/banco-santander-brasil-sa-nysebsbr-receives-consensus-rating-of-hold-by-brokerages/ Banco Santander (Brasil) SA (NYSE:BSBR – Get Rating) received an average rating of “Hold” from the six analysts who currently cover the company, MarketBeat reports. Two research analysts rated the stock with a Sell recommendation and three gave the company a Hold recommendation. The 12-month average price target among analysts who have reported on the […]]]>

Banco Santander (Brasil) SA (NYSE:BSBR – Get Rating) received an average rating of “Hold” from the six analysts who currently cover the company, MarketBeat reports. Two research analysts rated the stock with a Sell recommendation and three gave the company a Hold recommendation. The 12-month average price target among analysts who have reported on the stock over the past year is $5.50.

A number of stock analysts have recently released reports on the stock. Goldman Sachs Group downgraded shares of Banco Santander (Brazil) from a “neutral” rating to a “sell” rating and lowered its target price for the stock from $6.70 to $5.00 in a report research on Friday, October 28. Barclays lowered its price target on shares of Banco Santander (Brazil) from $7.00 to $6.00 and set an “equal weight” rating on the stock in a Wednesday July 27 research report. TheStreet upgraded the shares of Banco Santander (Brazil) from a “c” rating to a “b-” rating in a research report on Wednesday, November 2. Bank of America downgraded shares of Banco Santander (Brazil) from a “neutral” rating to an “underperforming” rating in a Tuesday, Nov. 1 research report. Finally, StockNews.com launched coverage on Banco Santander (Brazil) stocks in a research report on Wednesday, October 12. They issued a “hold” rating on the stock.

Hedge funds weigh on Banco Santander (Brazil)

A number of institutional investors have recently changed their positions in the company. Atlas Capital Advisors LLC acquired a new stake in Banco Santander (Brasil) in the second quarter at a value of $26,000. Balentine LLC bought a new position in shares of Banco Santander (Brasil) in the third quarter worth $63,000. West Family Investments Inc. bought a new position in shares of Banco Santander (Brazil) in the third quarter at a value of $67,000. Creative Planning bought a new position in shares of Banco Santander (Brazil) in the third quarter at a value of $69,000. Finally, Greenleaf Trust increased its stake in the shares of Banco Santander (Brazil) by 22.9% in the third quarter. Greenleaf Trust now owns 12,375 shares of the bank worth $70,000 after buying 2,308 more shares in the last quarter. 14.52% of the shares are held by institutional investors and hedge funds.

Banco Santander (Brazil) Share down 7.7%

Shares of NYSE:BSBR opened at $5.16 on Friday. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt ratio of 0.18. Banco Santander has a fifty-two week low of $4.86 and a fifty-two week high of $7.97. The company’s 50-day moving average price is $5.80 and its 200-day moving average price is $5.91. The stock has a market capitalization of $19.26 billion, a price-to-earnings ratio of 12.90, a growth price-to-earnings ratio of 1.49 and a beta of 0.90.

Banco Santander (Brazil) increases its dividend

The company also recently announced a dividend, which will be paid on Wednesday, November 30. Shareholders of record on Tuesday, October 25 will receive a dividend of $0.0447. This represents a dividend yield of 8.1%. This is a positive change from the previous Banco Santander (Brasil) dividend of $0.04. The ex-dividend date is Monday, October 24. The dividend distribution rate of Banco Santander (Brasil) is currently 50.00%.

About Banco Santander (Brazil)

(Get a rating)

Banco Santander (Brasil) SA, together with its subsidiaries, provides various banking products and services to individuals, small and medium enterprises and corporations in Brazil and abroad. The Company operates in two segments, Commercial Banking and Global Wholesale Banking. It offers deposits and other bank financing instruments; debit and credit cards; prepaid digital solutions; payment platform; Loyalty programs; employee benefit vouchers; payday loans; digital lending and online debt renegotiation services; mortgages; home equity financing products; Consumer credit ; and local loans, trade and commercial finance, guarantees, structured loans, cash management and financing solutions, and loan transfer services.

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While Banco Santander (Brazil) currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

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Comerica Incorporated will issue a quarterly dividend of $0.68 (NYSE: CMA) https://ardud.ro/comerica-incorporated-will-issue-a-quarterly-dividend-of-0-68-nyse-cma/ Tue, 08 Nov 2022 22:48:07 +0000 https://ardud.ro/comerica-incorporated-will-issue-a-quarterly-dividend-of-0-68-nyse-cma/ Comerica Incorporated (NYSE:CMA – Get Rating) declared a quarterly dividend on Tuesday, November 8, reports RTT News. Shareholders of record on Thursday, December 15 will receive a dividend of 0.68 per share from the financial services provider on Sunday, January 1. This represents an annualized dividend of $2.72 and a yield of 3.81%. Comerica has […]]]>

Comerica Incorporated (NYSE:CMA – Get Rating) declared a quarterly dividend on Tuesday, November 8, reports RTT News. Shareholders of record on Thursday, December 15 will receive a dividend of 0.68 per share from the financial services provider on Sunday, January 1. This represents an annualized dividend of $2.72 and a yield of 3.81%.

Comerica has increased its dividend payout by an average of 13.9% per year over the past three years and has increased its dividend every year for the past 11 years. Comerica has a payout ratio of 26.8%, indicating that its dividend is sufficiently covered by earnings. Equity research analysts expect Comerica to earn $10.08 per share next year, meaning the company should continue to be able to cover its $2.72 annual dividend with an expected future payout ratio of 27.0%.

Comerica price performance

CMA stock traded at $1.25 at midday Tuesday, hitting $71.48. The company’s shares had a trading volume of 2,504,621 shares, compared to its average volume of 1,383,367. Comerica has a 12-month low of $64.11 and a 12-month high of 102, $09. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt ratio of 0.65. The company has a market cap of $9.36 billion, a price-to-earnings ratio of 9.52, a growth price-to-earnings ratio of 1.29, and a beta of 1.20. The company has a 50-day moving average of $74.43 and a two-hundred-day moving average of $77.19.

Comerica (NYSE:CMA – Get Rating) last released its quarterly results on Wednesday, October 19. The financial services provider reported earnings per share of $2.60 for the quarter, beating the consensus estimate of $2.57 by $0.03. Comerica had a return on equity of 16.56% and a net margin of 30.73%. In the same period a year earlier, the company posted earnings per share of $1.90. On average, analysts expect Comerica to post an EPS of 8.53 for the current year.

Analyst upgrades and downgrades

Several brokerages have recently released reports on CMA. Argus upgraded Comerica from a “hold” rating to a “buy” rating and set a price target of $87.00 on the stock in a Thursday, October 20 report. Evercore ISI raised its price target on Comerica to $86.00 in a Friday, July 22 report. Goldman Sachs Group lowered its price target on Comerica from $94.00 to $84.00 and set a “neutral” rating on the stock in a Monday, October 3 report. Compass Point reduced its price target on Comerica to $88.00 in a Thursday, October 20 report. Finally, Piper Sandler reduced her price target on Comerica to $85.00 in a Thursday, October 20 report. Two research analysts rated the stock with a sell rating, seven gave the company a hold rating and twelve gave the company a buy rating. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $91.00.

Insiders place their bets

In other news, Executive Vice Chairman Peter L. Sefzik sold 7,287 shares in a trade Thursday, August 11. The stock was sold at an average price of $83.78, for a total transaction of $610,504.86. Following the transaction, the executive vice president now owns 32,007 shares of the company, valued at approximately $2,681,546.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available via this link. Insiders own 0.76% of the shares of the company.

Hedge funds weigh on Comerica

A number of hedge funds and other institutional investors have recently changed their positions in the company. First Republic Investment Management Inc. increased its position in Comerica shares by 20.4% during the second quarter. First Republic Investment Management Inc. now owns 21,094 shares of the financial services provider worth $1,548,000 after buying 3,574 additional shares last quarter. Natixis Advisors LP increased its position in Comerica by 11.4% during the second quarter. Natixis Advisors LP now owns 31,638 shares of the financial services provider valued at $2,322,000 after buying 3,236 additional shares last quarter. NewEdge Advisors LLC purchased a new stake in Comerica during the second quarter worth approximately $458,000. Wells Fargo & Company MN increased its position in Comerica by 16.0% during the second quarter. Wells Fargo & Company MN now owns 123,119 shares of the financial services provider valued at $9,033,000 after buying an additional 17,006 shares last quarter. Finally, LPL Financial LLC increased its position in Comerica by 33.0% during the second quarter. LPL Financial LLC now owns 50,423 shares of the financial services provider valued at $3,700,000 after purchasing an additional 12,524 shares last quarter. Institutional investors hold 82.56% of the company’s shares.

About Comerica

(Get a rating)

Comerica, Inc engages in the provision of financial services. It operates through the following segments: Commercial Banking, Retail Banking, Wealth Management, Finance and Others. The Commercial Banking segment serves the needs of small and medium enterprises, multinational corporations and government entities by offering various products and services, including commercial loans and lines of credit, deposits, cash management, market products capital, international trade finance, letters of credit, foreign exchange management services and loan syndication services.

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Dividend history for Comerica (NYSE:CMA)

This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to contact@marketbeat.com.

Before you consider Comerica, 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 Comerica wasn’t on the list.

Although Comerica currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the five actions here

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The PNC Financial Services Group, Inc. (NYSE:PNC) Brief Interest Update https://ardud.ro/the-pnc-financial-services-group-inc-nysepnc-brief-interest-update/ Mon, 31 Oct 2022 20:28:15 +0000 https://ardud.ro/the-pnc-financial-services-group-inc-nysepnc-brief-interest-update/ PNC Financial Services Group, Inc. (NYSE: PNC – Get Rating) was the target of strong short-term interest growth in October. As of October 15, there was short interest totaling 6,280,000 shares, a growth of 13.4% from the total of 5,540,000 shares as of September 30. Based on an average daily volume of 1,760,000 shares, the […]]]>

PNC Financial Services Group, Inc. (NYSE: PNC – Get Rating) was the target of strong short-term interest growth in October. As of October 15, there was short interest totaling 6,280,000 shares, a growth of 13.4% from the total of 5,540,000 shares as of September 30. Based on an average daily volume of 1,760,000 shares, the day-to-cover ratio is currently 3.6 days. Currently, 1.5% of the company’s shares are sold short.

Analyst upgrades and downgrades

A number of brokerages have recently released reports on PNC. StockNews.com began covering financial services group PNC in a report on Wednesday, October 12. They issued a “hold” rating for the company. Raymond James downgraded PNC Financial Services Group from an “outperforming” rating to a “market performing” rating in a Thursday, July 7 research note. Piper Sandler set a price target of $160.00 on PNC Financial Services Group in a Tuesday, July 19 research note. JPMorgan Chase & Co. cut its price target on PNC Financial Services Group from $191.00 to $171.50 in a Tuesday, October 11 research note. Finally, Credit Suisse Group lowered its price target on PNC Financial Services Group from $172.00 to $170.00 and set a “neutral” rating for the company in a Monday, July 18 research note. One equity research analyst gave the stock a sell rating, seven gave the stock a hold rating and five gave the stock a buy rating. Based on data from MarketBeat.com, PNC Financial Services Group currently has an average rating of “Hold” and a consensus target price of $188.56.

Insider Trading at The PNC Financial Services Group

Separately, Executive Vice President Michael P. Lyons sold 3,500 shares in a trade that took place on Tuesday, August 23. The stock was sold at an average price of $166.96, for a total value of $584,360.00. Following completion of the transaction, the executive vice president now directly owns 174,651 shares of the company, valued at approximately $29,159,730.96. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via this link. Insiders own 0.34% of the shares of the company.

Institutional negotiation of the PNC Financial Services group

Hedge funds and other institutional investors have recently changed their holdings in the company. Mascoma Wealth Management LLC increased its position in shares of The PNC Financial Services Group by 89.8% during the 1st quarter. Mascoma Wealth Management LLC now owns 167 shares of the financial services provider worth $31,000 after buying 79 additional shares in the last quarter. ACG Wealth acquired a new equity position in The PNC Financial Services Group during Q2 worth approximately $27,000. West Financial Advisors LLC acquired a new equity position in The PNC Financial Services Group during Q3 worth approximately $26,000. Win Advisors Inc. increased its position in shares of The PNC Financial Services Group by 61.0% during the 2nd quarter. Win Advisors Inc. now owns 198 shares of the financial services provider worth $32,000 after buying 75 more shares in the last quarter. Finally, FSC Wealth Advisors LLC acquired a new position in shares of The PNC Financial Services Group during Q2 worth approximately $35,000. 81.89% of the shares are currently held by hedge funds and other institutional investors.

PNC Financial Services Group shares down 0.7%

Shares of PNC were down $1.12 at midday on Monday, hitting $161.75. The company’s shares had a trading volume of 103,534 shares, compared to its average volume of 2,131,420. The company has a fifty-day moving average of $157.83 and a 200-day moving average of 162 $.34. The company has a market capitalization of $66.34 billion, a price-to-earnings ratio of 12.28, a growth price-to-earnings ratio of 2.44 and a beta of 1.16. PNC Financial Services Group has a 1-year low of $143.52 and a 1-year high of $228.14. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt ratio of 1.09.

PNC Financial Services Group (NYSE:PNC – Get Rating) last released its results on Friday, October 14. The financial services provider reported earnings per share (EPS) of $3.78 for the quarter, beating analyst consensus estimates of $3.69 by $0.09. The PNC Financial Services group achieved a return on equity of 12.45% and a net margin of 26.96%. The company posted revenue of $5.55 billion in the quarter, versus analyst estimates of $5.40 billion. In the same quarter of the previous year, the company had earned earnings per share of $3.75. The company’s revenue for the quarter increased 6.8% year over year. As a group, analysts expect PNC Financial Services Group to post earnings per share of 14.45 for the current fiscal year.

PNC Financial Services Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, November 5. Investors of record on Monday, October 17 will receive a dividend of $1.50 per share. The ex-dividend date is Friday, October 14. This represents an annualized dividend of $6.00 and a dividend yield of 3.71%. PNC Financial Services Group’s dividend payout ratio is 45.25%.

About PNC Financial Services Group

(Get a rating)

The PNC Financial Services Group, Inc. operates as a diversified financial services company in the United States. The Company’s Retail Banking segment offers checking, savings and money market accounts, as well as certificates of deposit; residential mortgages, home equity loans and lines of credit, auto loans, credit cards, education loans, and personal and small business loans and lines of credit; and brokerage, insurance, investment and cash management services.

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Personal loans from 8.9% – Check offers from 24 banks during the holiday season https://ardud.ro/personal-loans-from-8-9-check-offers-from-24-banks-during-the-holiday-season/ Sat, 29 Oct 2022 06:10:18 +0000 https://ardud.ro/personal-loans-from-8-9-check-offers-from-24-banks-during-the-holiday-season/ A personal loan allows you to have funds available for a multitude of purposes. This is an unsecured loan given to people with clean and stable financial backgrounds. Although it’s easy to apply for a personal loan these days, you need to remember to do your due diligence to avoid any financial stress later on. […]]]>

A personal loan allows you to have funds available for a multitude of purposes. This is an unsecured loan given to people with clean and stable financial backgrounds. Although it’s easy to apply for a personal loan these days, you need to remember to do your due diligence to avoid any financial stress later on.

When you take out a personal loan, you need to know your purpose and the amount you need. Once this is done, you must know the duration over which you want to repay this loan according to your income. The interest and the amount of the loan will determine how long you pay off the debt.

You can use personal loans for multiple purposes. There are no restrictions on how you can use the funds. You can use it for traveling, renovating your home, paying off debts or any other personal need. Here are some advantages of taking out a personal loan.

No collateral required

You do not need to lock your assets. Unlike secured loans like home or auto loans, a personal loan doesn’t require you to mortgage anything to the lender. You can continue enjoying your assets without any restrictions.

Freedom to use the loan

A personal loan can be used for any financial need, such as paying your medical bills, your child’s school fees, or travel. This gives you the freedom to use the funds as you need them. For those eligible, funds are easily made available by lenders.

Instant approval

Unlike other types of loans, a personal loan takes minimal time to be approved. Within hours to days, you can get a personal loan if you meet the bank’s basic eligibility criteria. A personal loan can help you get funds quickly if you need funds to deal with an emergency.

Good for the short term

A personal loan can be borrowed for shorter periods. You can take it for a few months to a few years. You do not need to service the loan for longer terms. However, it is important to choose the duration of the loan according to your ability to repay so that it does not interfere with your other expenses.

Take it for business purposes

A personal loan can be useful if you are a businessman who often needs instant cash to manage day-to-day expenses. You can make the down payment for a new office or expand your business using a personal loan.

Pre-approved personal loan

Many lenders offer pre-approved personal loans to existing customers with clean financial histories and good credit ratings. If your credit score is good (700 or above), it becomes easy for you to become eligible for pre-approved loans.

The personal loan is the best option for both employees and the self-employed. It takes less time and requires a minimum documentation process. It is an unsecured loan, so the lender approves the loan based on your eligibility, such as age, income, existing debts, and credit rating, among others.

It would be better to compare the interest rate with different terms for the amount you need before signing the loan agreement. Also, if your credit score is good, remember to negotiate lower interest rates. Keep the term shorter for lower interest liabilities. The table below compares over 20 banks for personal loans of Rs 5 lakh for three years. You can compare interest rates and EMIs for the loan. You can decide according to your needs.

Interest Rate and EMI on Personal Loan

Compiled by BankBazaar.com

Note: Interest rates on personal loans for all listed public and private banks (BSE) taken into account for the compilation of data; Banks whose data is not available on their website are not taken into account. The table includes the lowest interest rates on personal loans (regardless of loan amount). Data collected from respective bank’s website as of October 25, 2022. Banks are listed in ascending order based on interest rate, i.e. the bank offering the lowest interest rate on the personal loan is placed at the top and the highest at the bottom. The EMI is calculated on the basis of the interest rate mentioned in the table for a loan of Rs 5 Lakh with a term of 3 years (processing fees and the like are assumed to be zero for the calculation of the EMI); The interest and charges mentioned in the table are indicative and may vary depending on the general conditions of the bank.

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The CURO Group (CURO) will publish its results on Wednesday https://ardud.ro/the-curo-group-curo-will-publish-its-results-on-wednesday/ Wed, 26 Oct 2022 11:34:44 +0000 https://ardud.ro/the-curo-group-curo-will-publish-its-results-on-wednesday/ CURO Group (NYSE:CURO – Get Rating) will announce its results after market close on Wednesday, November 2. Analysts expect the company to report earnings of $0.04 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link. CURO Group (NYSE:CURO – Get Rating) last announced its […]]]>

CURO Group (NYSE:CURO – Get Rating) will announce its results after market close on Wednesday, November 2. Analysts expect the company to report earnings of $0.04 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

CURO Group (NYSE:CURO – Get Rating) last announced its results on Monday, August 8. The company reported ($0.39) EPS for the quarter, missing the consensus estimate of ($0.36) by ($0.03). The CURO Group posted a negative net margin of 9.30% and a negative return on equity of 15.53%. The company posted revenue of $304.40 million in the quarter, compared to $244.07 million expected by analysts. On average, analysts expect CURO Group to post $0 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Performance of CURO group shares

Shares of CURO Group opened at $4.56 on Wednesday. The CURO group has a fifty-two week minimum of $3.56 and a fifty-two week maximum of $20.10. The company’s 50-day simple moving average is $5.45 and its 200-day simple moving average is $7.13.

CURO Group announces dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 26. Shareholders of record on Monday August 15 received a dividend of $0.11. The ex-dividend date was Friday, August 12. This represents an annualized dividend of $0.44 and a yield of 9.65%. The dividend payout ratio (DPR) of the CURO Group is -18.64%.

Institutional entries and exits

Hedge funds have recently been buying and selling shares of the company. Dimensional Fund Advisors LP increased its stake in CURO Group by 11.5% in Q1. Dimensional Fund Advisors LP now owns 350,180 shares of the company valued at $4,570,000 after purchasing an additional 36,022 shares in the last quarter. Bank of New York Mellon Corp increased its stake in CURO Group by 3.2% in the first quarter. Bank of New York Mellon Corp now owns 215,753 shares of the company valued at $2,816,000 after buying an additional 6,715 shares last quarter. State Street Corp increased its stake in CURO Group by 2.0% in the second quarter. State Street Corp now owns 385,553 shares of the company valued at $2,132,000 after purchasing an additional 7,381 shares last quarter. Charles Schwab Investment Management Inc. increased its stake in CURO Group by 6.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 158,558 shares of the company valued at $2,070,000 after purchasing an additional 10,083 shares last quarter. Finally, Northern Trust Corp increased its stake in CURO Group by 1.2% in the second quarter. Northern Trust Corp now owns 195,017 shares of the company valued at $1,079,000 after buying an additional 2,253 shares last quarter. 36.69% of the shares are currently held by hedge funds and other institutional investors.

Changes to analyst ratings

Several research firms have commented on CURO. Credit Suisse Group lowered its price target on CURO Group shares to $11.00 in a Thursday, October 13 research note. TheStreet downgraded shares of CURO Group from a “c” rating to a “d+” rating in a Thursday, August 25 research note. Finally, Jefferies Financial Group began covering CURO Group shares in a research note on Tuesday, July 26. They set a “buy” rating for the company.

About CURO Group

(Get a rating)

CURO Group Holdings Corp., together with its subsidiaries, offers consumer credit products in the United States and Canada. The Company offers unsecured installment loans, secured installment loans, open-ended loans and one-time payment loans, as well as ancillary financial products, including check cashing, proprietary reloadable prepaid debit cards, demand deposit accounts, credit protection insurance, retail installment sales. , and money transfer services.

Further reading

Earnings History for the CURO Group (NYSE: CURO)

This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to contact@marketbeat.com.

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Online Payday Loans Near Me No Credit Checks Instant Approval https://ardud.ro/online-payday-loans-near-me-no-credit-checks-instant-approval/ Fri, 21 Oct 2022 13:42:47 +0000 https://ardud.ro/online-payday-loans-near-me-no-credit-checks-instant-approval/ Payday Loans Online No Credit Check Instant Approval Get 100% cash advance online even with bad credit. The best service for fast loans! Payday Loans Online No Credit Check Instant Approval There are a variety of payday loan types, and online lenders offer many customization and personalization options for you to choose from. These payday […]]]>

Payday Loans Online No Credit Check Instant Approval

Get 100% cash advance online even with bad credit. The best service for fast loans!

Payday Loans Online No Credit Check Instant Approval

There are a variety of payday loan types, and online lenders offer many customization and personalization options for you to choose from. These payday loans near me online no credit check instant approval come with certain types of minimums, high interest rates such as 30% and even the ability to rollover these types of loans, so you have the possibility of having an instant payday loan. In most cases, you will be able to get a loan for any amount up to $750. However, you will need to go through a formal process that will help you determine if a loan is right for you. Most online lenders will ask you to provide your credit score, income history, and proof of income.

Payday loans

This is often called a “cash advance” because the original loan is repaid in cash, but the repayment amount is less. Sometimes lenders offer other options like cash back credit, and other times they offer refinance options, which are loans that include the same interest rate as the original loan, but require a lower payment amount. Refinancing your loans is often less expensive than refinancing a payday loan just to avoid paying interest, and we offer that to our customers too! The benefits of refinancing vary from lender to lender, but may include: a lower interest rate.

In fact, it can be so difficult for borrowers to repay their loans that they could end up in default, which will also put them under stricter debt collection policies from lenders. In addition to being very convenient for the borrower and easy to repay, a cash advance can also help you avoid debt collection if, ever, you are unable to repay the payday loans you have. borrowed.

Instant payday loans near me online with no credit check, instant approval as well as a very short repayment period, which is especially useful if you have multiple payday loans. So before you take out an instant payday loan online, or any of their many variations such as cash advance or prepaid card, check with your lenders and ask for more information about the risk they take with this product. For example, a full-time employee may not have the required work experience to qualify for an instant loan.

These payday loans are all designed to be repaid in one payment period. These types of loans may be more advantageous for people who need to pay their bills quickly because their repayment period is shorter. Online payday loans offer different types of loans and the loans have different terms and varying interest rates.

A borrower can pay a cash advance of $50 with an interest rate of $50/month. In this scenario, the borrower would repay these funds to the lender in a single payment. Other types of payday loans are short term loans like the $10 payday loan with an annual interest rate of 13%. These types of loans often last only 90 days. You can also get a payday loan if you only need the money now and don’t want to pay it within a month. These loans are granted for as little as $10. Some lenders offer longer monthly payments, such as 12 monthly installments, but this is not common.

A variable rate loan with the same principal amount will have a variable rate for the remaining term of the loan. With these loans, borrowers decide when they want their payday loan paid off. Since most payday loan borrowers are required to repay it within seven days, it makes sense to give them time to complete their payment by repaying their loan rather than rushing them to complete their payments every time. they finish a paycheck.

There are ways to reduce the monthly payment amount, but many may require you to repay the loan in full. If you are unable to repay, many lenders can extend credit to you even if your original loan payment does not meet current terms. Low monthly payment, interest rate payday loans, online payday loans.

Payday loans without a credit check

These minimum credit card payments are often tied to an interest rate determined by a credit card company called the credit interest rate (CIR). As such, there is usually a higher risk or higher rate of bankruptcy when paying off your credit card debt.

Therefore, there is often a much higher cost to pay off debt on a credit card than a mortgage. Also, in some states, credit card lenders can cancel the credit card if you don’t pay any debt available on the account, which means that all of the principal is canceled if you pay your debt as scheduled. The best cash advance payday loans near me online with no credit check instant approval come with a small down payment for your credit card with no interest rates or fees.

Fast Cash is a payday loan with a credit balance that must be repaid daily. It is a type of prepaid loan that requires a credit check. When a consumer has money in your account, they must repay the full amount before they can retrieve it again. They can make their first payment online, free of charge, without fees and without a credit check.

You are never too old for a cash loan. The cash advances we offer can pay off the full balance plus interest in just 30-60 days, with no application fees, no credit checks and no approval delays.

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Federal Agricultural Mortgage Co. (NYSE:AGM) Brief Interest Update https://ardud.ro/federal-agricultural-mortgage-co-nyseagm-brief-interest-update/ Tue, 18 Oct 2022 22:23:58 +0000 https://ardud.ro/federal-agricultural-mortgage-co-nyseagm-brief-interest-update/ Federal Agricultural Mortgage Co. (NYSE:AGM – Get Rating) was the target of strong short-term interest growth in September. As of September 30, there was short interest totaling 135,500 shares, a growth of 13.7% from the total of 119,200 shares as of September 15. About 1.5% of the stock’s shares are sold short. Based on an […]]]>

Federal Agricultural Mortgage Co. (NYSE:AGM – Get Rating) was the target of strong short-term interest growth in September. As of September 30, there was short interest totaling 135,500 shares, a growth of 13.7% from the total of 119,200 shares as of September 15. About 1.5% of the stock’s shares are sold short. Based on an average daily trading volume of 28,400 shares, the day-to-cover ratio is currently 4.8 days.

Hedge Funds Weigh on Federal Farm Mortgage

A number of institutional investors have recently changed their positions within the AGM. Lazard Asset Management LLC bought a new position in Federal Agricultural Mortgage in the second quarter worth $26,000. Mascoma Wealth Management LLC bought a new position in Federal Agricultural Mortgage stock during Q1, valued at around $37,000. Mystic Asset Management Inc. acquired a new stake in Federal Agricultural Mortgage in Q4 for a value of approximately $42,000. Asset Dedication LLC bought a new stake in Federal Agricultural Mortgage in the first quarter for about $53,000. Finally, Captrust Financial Advisors increased its position in Federal Agricultural Mortgage by 22.9% during the second quarter. Captrust Financial Advisors now owns 913 shares of the credit service provider valued at $89,000 after acquiring an additional 170 shares in the last quarter. Institutional investors hold 66.73% of the company’s shares.

Analyst upgrades and downgrades

Separately, StockNews.com began covering Federal Agricultural Mortgage stocks in a report on Wednesday, October 12. They issued a “buy” rating on the stock.

Federal Agricultural Mortgage Price Performance

Shares of Federal Agricultural Mortgage rose $0.26 during Tuesday’s trading, hitting $107.58. The stock had a trading volume of 26,743 shares, compared to an average volume of 30,498. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt ratio of 1.25. . Federal Agricultural Mortgage has a 12 month minimum of $90.38 and a 12 month maximum of $137.01. The company has a market capitalization of $1.16 billion, a price-earnings ratio of 8.68 and a beta of 0.95. The company’s 50-day moving average is $107.68 and its 200-day moving average is $104.35.

Federal Agricultural Mortgage (NYSE:AGM – Get Rating) last reported results on Monday, August 8. The credit service provider reported earnings per share of $2.83 for the quarter. The company had revenue of $76.70 million for the quarter. Federal Agricultural Mortgage had a return on equity of 19.71% and a net margin of 31.96%.

Federal Farm Mortgage Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 30. Shareholders of record on Thursday, September 15 received a dividend of $0.95 per share. The ex-dividend date was Wednesday, September 14. This represents an annualized dividend of $3.80 and a yield of 3.53%. The Federal Agricultural Mortgage payout rate is currently 30.74%.

About the Federal Farm Mortgage

(Get a rating)

The Federal Agricultural Mortgage Corporation provides a secondary market for various loans issued to borrowers in the United States. It operates through four segments: Farm & Ranch, USDA (United States Department of Agriculture) Guarantees, Rural Utilities and Institutional Credit. The Farm & Ranch segment purchases and maintains qualifying mortgage loans that are secured by first liens on agricultural real estate; securitizes qualifying mortgages and guarantees the timely payment of principal and interest on interest-bearing securities or obligations secured by pools of mortgages; and issues Long-Term Support Purchase Commitments (LTSPCs) on designated eligible mortgages.

Read more

This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to contact@marketbeat.com.

Before you consider the Federal Farm Mortgage, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market goes higher…and Federal Agricultural Mortgage didn’t make the list.

Although Federal Agricultural Mortgage currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

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Codorus Valley Bancorp, Inc. (NASDAQ:CVLY) Brief Interest Update https://ardud.ro/codorus-valley-bancorp-inc-nasdaqcvly-brief-interest-update/ Sun, 16 Oct 2022 23:02:27 +0000 https://ardud.ro/codorus-valley-bancorp-inc-nasdaqcvly-brief-interest-update/ Codorus Valley Bancorp, Inc. (NASDAQ:CVLY – Get Rating) was the target of a significant increase in short-term interest in September. As of September 30, there was selling interest totaling 14,100 shares, an increase of 17.5% from the September 15 total of 12,000 shares. Currently, 0.2% of the company’s shares are sold short. Based on an […]]]>

Codorus Valley Bancorp, Inc. (NASDAQ:CVLY – Get Rating) was the target of a significant increase in short-term interest in September. As of September 30, there was selling interest totaling 14,100 shares, an increase of 17.5% from the September 15 total of 12,000 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume of 29,900 shares, the day-to-cover ratio is currently 0.5 days.

Insider buying and selling

In other news, Director Scott V. Fainor purchased 1,650 shares of the company in a trade that took place on Monday, August 22. The shares were acquired at an average cost of $20.35 per share, with a total value of $33,577.50. Following completion of the transaction, the administrator now directly owns 4,900 shares of the company, valued at $99,715. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. In other Codorus Valley Bancorp news, Director Scott V. Fainor purchased 1,650 shares of the company in a transaction on Monday August 22. The stock was purchased at an average price of $20.35 per share, for a total transaction of $33,577.50. Following the completion of the purchase, the administrator now directly owns 4,900 shares of the company, valued at $99,715. The purchase was disclosed in a document filed with the SEC, which can be accessed on the SEC’s website. Additionally, SVP Scott R. Campagna sold 1,200 shares of the company in a trade dated Monday, August 15. The stock was sold at an average price of $21.00, for a total transaction of $25,200.00. Following the transaction, the senior vice president now owns 6,230 shares of the company, valued at approximately $130,830. The disclosure of this sale can be found here. Insiders have purchased a total of 4,988 shares of the company valued at $100,563 over the past three months. 4.09% of the shares are held by company insiders.

Codorus Valley Bancorp Institutional Trading

Several hedge funds have recently increased or reduced their holdings in CVLY. Financial Counselors Inc. acquired a new stake in Codorus Valley Bancorp during Q1 valued at approximately $677,000. Advisor Group Holdings Inc. increased its stake in Codorus Valley Bancorp by 51.2% in Q1. Advisor Group Holdings Inc. now owns 2,931 shares of the financial services provider valued at $64,000 after acquiring 992 additional shares in the last quarter. Hazlett Burt & Watson Inc. acquired a new position in Codorus Valley Bancorp in Q1 worth $117,000. Salzhauer Michael increased its stake in Codorus Valley Bancorp by 23.8% in the 1st quarter. Salzhauer Michael now owns 29,602 shares of the financial services provider valued at $651,000 after acquiring an additional 5,700 shares last quarter. Finally, American Century Companies Inc. increased its stake in Codorus Valley Bancorp by 29.7% in the 1st quarter. American Century Companies Inc. now owns 37,893 shares of the financial services provider valued at $834,000 after acquiring 8,667 additional shares last quarter. 53.43% of the shares are held by institutional investors and hedge funds.

Codorus Valley Bancorp Stock up 1.0%

CVLY stock traded at $0.19 at midday on Friday, hitting $20.19. The company had a trading volume of 4,950 shares, compared to an average volume of 31,473. The company has a leverage ratio of 0.24, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a 50-day simple moving average of $19.93 and a 200-day simple moving average of $21.73. The company has a market capitalization of $192.61 million, a price/earnings ratio of 15.65 and a beta of 0.50. Codorus Valley Bancorp has a 52 week minimum of $18.66 and a 52 week maximum of $24.48.

Codorus Valley Bancorp (NASDAQ:CVLY – Get Rating) last released its results on Thursday July 28th. The financial services provider reported EPS of $0.20 for the quarter. Codorus Valley Bancorp had a return on equity of 6.63% and a net margin of 14.06%. The company had revenue of $21.65 million in the quarter.

Codorus Valley Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 8. Investors of record on Tuesday, October 25 will receive a dividend of $0.15 per share. The ex-dividend date is Monday, October 24. This represents an annualized dividend of $0.60 and a yield of 2.97%. Codorus Valley Bancorp’s payout ratio is currently 46.51%.

A Wall Street analyst gives his opinion

Several equity research analysts have published reports on CVLY shares. StockNews.com began covering Codorus Valley Bancorp in a report on Wednesday. They issued a “hold” rating for the company. TheStreet downgraded Codorus Valley Bancorp from a ‘b’ to a ‘c+’ rating in a Monday, August 29 research report.

Codorus Valley Bancorp Company Profile

(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.

Read more

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to contact@marketbeat.com.

Before you consider Codorus Valley Bancorp, you’ll want to hear this.

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 Codorus Valley Bancorp was not on the list.

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

See the five actions here

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