fiscal year – Ardud http://ardud.ro/ Sat, 16 Apr 2022 05:32:06 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://ardud.ro/wp-content/uploads/2021/05/default1-150x150.png fiscal year – Ardud http://ardud.ro/ 32 32 Analysts expect Navient Co. (NASDAQ:NAVI) to report quarterly sales of $286.43 million https://ardud.ro/analysts-expect-navient-co-nasdaqnavi-to-report-quarterly-sales-of-286-43-million/ Sat, 12 Mar 2022 06:13:40 +0000 https://ardud.ro/analysts-expect-navient-co-nasdaqnavi-to-report-quarterly-sales-of-286-43-million/ Wall Street brokers expect Navient Co. (NASDAQ:NAVI – Get Rating) to post sales of $286.43 million for the current fiscal quarter, according to Zacks. Three analysts provided earnings estimates for Navient. The lowest sales estimate is $265.00 million and the highest is $308.30 million. Navient recorded sales of $295.00 million in the same quarter last […]]]>

Wall Street brokers expect Navient Co. (NASDAQ:NAVI – Get Rating) to post sales of $286.43 million for the current fiscal quarter, according to Zacks. Three analysts provided earnings estimates for Navient. The lowest sales estimate is $265.00 million and the highest is $308.30 million. Navient recorded sales of $295.00 million in the same quarter last year, suggesting a negative year-over-year growth rate of 2.9%. The company is expected to release its next results on Tuesday, April 26.

According to Zacks, analysts expect Navient to post annual sales of $1.13 billion for the current year, with estimates ranging from $1.06 billion to $1.18 billion. For the next fiscal year, analysts expect the company to record sales of $1.10 billion, with estimates ranging from $999.00 million to $1.15 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts who provide coverage for Navient.

Navient (NASDAQ:NAVI – Get Rating) last released its results on Tuesday, January 25. The credit services provider reported ($0.43) earnings per share for the quarter, missing Thomson Reuters’ consensus estimate of $0.85 per ($1.28). Navient had a return on equity of 20.46% and a net margin of 20.76%. The company had revenue of $272.00 million in the quarter, versus a consensus estimate of $281.89 million. During the same period a year earlier, the company posted EPS of $0.88. The company’s revenue for the quarter was down 13.4% from the same quarter last year.

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NAVI has been the subject of a number of research analyst reports. Credit Suisse Group lowered its price target on Navient shares from $20.00 to $18.00 and set a “neutral” rating on the stock in a Thursday, January 27 report. TheStreet downgraded Navient’s shares from a “b” rating to a “c+” rating in a Tuesday, January 25 report. Barclays lowered its price target on Navient shares from $26.00 to $25.00 in a Monday, January 10 report. JPMorgan Chase & Co. lowered its price target on Navient shares from $23.00 to $21.00 and set a “neutral” rating on the stock in a Thursday, January 27 report. Finally, Stephens downgraded Navient shares from an “overweight” rating to an “equally weighted” rating and set a target price of $22.00 for the stock. in a research report on Monday, January 3. They noted that the move was a review call. Eight equity research analysts gave the stock a hold rating and three gave the company a buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $21.78.

Shares of NASDAQ:NAVI opened at $16.63 on Friday. Navient has a 12-month low of $12.83 and a 12-month high of $23.80. The company’s 50-day moving average price is $18.77 and its two-hundred-day moving average price is $20.20. The company has a quick ratio of 27.93, a current ratio of 30.68 and a debt ratio of 28.56. The company has a market capitalization of $2.53 billion, a P/E ratio of 4.14 and a beta of 1.74.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 18. Investors of record on Friday, March 4 will receive a dividend of $0.16. The ex-dividend date is Thursday, March 3. This represents a dividend of $0.64 on an annualized basis and a dividend yield of 3.85%. Navient’s dividend payout ratio is 15.92%.

Separately, Executive Vice President Stephen M. Hauber sold 3,161 shares in a trade that took place on Thursday, February 3. The shares were sold at an average price of $17.66, for a total value of $55,823.26. The sale was disclosed in a filing with the SEC, accessible via this link. Insiders of the company hold 2.85% of the shares of the company.

Several large investors have recently changed their positions in the stock. O Shaughnessy Asset Management LLC increased its position in Navient shares by 3.0% in Q4. O Shaughnessy Asset Management LLC now owns 21,043 shares of the credit service provider valued at $447,000 after acquiring an additional 619 shares during the period. Intersect Capital LLC increased its stake in Navient by 5.5% during the third quarter. Intersect Capital LLC now owns 14,281 shares of the credit service provider worth $282,000 after purchasing an additional 739 shares during the period. Full18 Capital LLC increased its stake in Navient by 1.9% during the 4th quarter. Full18 Capital LLC now owns 41,634 shares of the credit service provider worth $820,000 after purchasing an additional 787 shares during the period. Advisor Group Holdings Inc. increased its stake in Navient by 8.5% during the third quarter. Advisor Group Holdings Inc. now owns 10,344 shares of the credit service provider worth $203,000 after buying 807 additional shares during the period. Finally, Commonwealth Equity Services LLC increased its stake in Navient by 4.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 21,024 shares of the credit services provider worth $446,000 after purchasing an additional 868 shares during the period. Institutional investors and hedge funds hold 77.13% of the company’s shares.

About Navient (Get a rating)

Navient Corp. engages in providing asset management and business processing solutions for education, healthcare and government customers at the federal, state and local levels. It operates through the following segments: Federal Education Loans, Consumer Loans, Business Processing and Others. The Federal Education Loans segment holds FFELP loans and provides asset management and recovery services on the FFELP loan portfolio.

See also

Get a Free Copy of Zacks Research Report on Navient (NAVI)

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Earnings history and estimates for Navient (NASDAQ:NAVI)

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 [email protected]

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Is $318 million enough to fix the underfunding of Tennessee’s only public HBCU? https://ardud.ro/is-318-million-enough-to-fix-the-underfunding-of-tennessees-only-public-hbcu/ Fri, 11 Mar 2022 22:41:37 +0000 https://ardud.ro/is-318-million-enough-to-fix-the-underfunding-of-tennessees-only-public-hbcu/ During the late Harold Love Sr.’s long tenure as state representative in Tennessee from 1968 to 1994, he was acutely aware of the underfunding of the state’s only historically black public college. In his early days as a legislator, he helped lead a committee that found the state wronged Tennessee State University. The state of […]]]>

During the late Harold Love Sr.’s long tenure as state representative in Tennessee from 1968 to 1994, he was acutely aware of the underfunding of the state’s only historically black public college. In his early days as a legislator, he helped lead a committee that found the state wronged Tennessee State University.

The state of Tennessee is one of 19 land-grant HBCUs established by the Second Morrill Act of 1890. The law prohibited the federal government from sending certain funds to states whose land-grant colleges refused to admit non-white students. However, states could continue to receive these funds if they also provided non-white students with separate institutions.

Even under current federal law, states are expected to fairly distribute federal funds to their land-grant institutions — which, in Tennessee’s case, are the State of Tennessee and the University of Tennessee. But Love Sr. discovered that was not the case.

“In one particular year, 1970, $4.5 million came to Tennessee to be split between the two land grants, but only $51,000 went to the State of Tennessee,” Harold Love said. Jr., his son, at Higher Ed Dive last year. “So he said, ‘It’s not fair. It is not fair. It’s 99 to 1.”

Half a century later, Love Jr. takes up his father’s fight.

The underfunding problem has several dimensions, said Love Jr., who is now also a Tennessee state representative. The question concerns the base funding that the State of Tennessee receives from the state as well as the money that the state allocates from the federal government to its two land-grant institutions. But the state is also required to provide a matching grant for every dollar its land-grant institutions receive from the federal government.


“It’s not fair. It’s 99 to 1.”

Harold Love Jr.

Tennessee Representative


Love Jr. helped lead a 2021 report that found Tennessee may have failed to deliver up to $544 million of those matching payments to the state of Tennessee over several decades, forcing the university to dip into its own budget to make up for the underfunding. If the state doesn’t give the game to Tennessee State, the university can either waive the federal money or find the game itself from its general funds, Love Jr. said.

The work championed by Love Jr., a Democrat, prompted Tennessee Governor Bill Lee, a Republican, to offer to give the university $250 million in fiscal year 2023 to upgrade its facilities. Lee’s budget also includes $60 million for a new engineering building and $8 million for maintenance.

Love Jr. told Higher Ed Dive in February that it was a huge honor to complete his father’s work.

“This is by far one of the most satisfying things I’ve ever done as a legislator because I know my dad really wanted to make sure Tennessee State University got the same amount of funding she should have received,” Love mentioned. “For his work to be the foundation on which this investment is built – I think, for me – I’m very happy.”

The state of Tennessee applauded the budget proposal, and higher education experts agree the funding is needed. Still, some argue the proposal doesn’t go far enough to fix decades of state funding inequities that have forced the university to settle for less than it deserves.

“It’s necessary, but it’s insufficient to account for the loss TSU has suffered over its lifetime,” said Royel Johnson, a professor of education at the University of Southern California. “Fairness is not just about giving an institution what is legally owed to it, but about accounting for the loss, the impact of not having those resources.”

Does the state of Tennessee owe $1 billion?

William Johnson, professor of human performance and sports science at Tennessee State, has seen firsthand how underfunding has affected the university’s ability to conduct research and perform other tasks.

“We’ve had superstar faculty members – top researchers here – who both came here, conducted research, but then realized that the lab facilities and research support aren’t there to help. that they may continue on their way”, William Johnson mentioned. “So they leave.”

The campus is dotted with other visible reminders of funding disparities.

“There’s a lot, a lot, a lot of deferred maintenance and crumbling buildings and all that kind of stuff,” William Johnson said.

A 2020 report from JLL, a real estate services company, found that nine buildings on campus would be in poor condition or worse if they did not receive maintenance within a year. He estimated that fixing these and other issues would cost $88.6 million and that these deferred maintenance costs would increase to $427.5 million within a decade. .

Glenda Glover, Tennessee State President praised the governor’s budget plan, which would give the university $318 million in one-time capital funding, in a statement to Tennessee Lookout, saying the money will directly benefit the university’s faculty, staff and students as well as all state residents. Repairs could begin as early as July if Tennessee lawmakers approve the budget proposal.

While facility upgrades are needed, William Johnson argued the proposed pot of money does not address what the university has lacked through decades of underfunding. And higher education experts said the money shouldn’t be limited to capital improvements.

“The Legislature doesn’t want to hear that and certainly my institution doesn’t want me to say that, but is the damage actually $1 billion?” said William Johnson. “Is it $2 billion? Is it $6 billion? Who knows what the opportunities would have been?

A history of underfunding

The Tennessee Legislature only began enforcing its matching requirement for the state of Tennessee in 2017, Forbes recently reported. But the state of Tennessee is not alone in this situation: A 2013 report by the Association of Public Universities and Land Grants found several other HBCUs. missed state games over a two-year study period.

These issues have caught the attention of federal lawmakers. In February, six Democratic representatives stated in a letter that the 19 land-grant HBCUs received only 82% of the state counterpart funds they were eligible for in FY2020, while their counterparts received 100% of the funds owed to them.

In the Forbes analysis, the authors compared state funding per student for predominantly white land-granting universities with their HBCU counterparts. Had they been funded equally, according to the publication, the state of Tennessee would have received an additional $1.9 billion over the 1987-2020 period studied.

Only Florida A&M University and North Carolina A&T State University — which were underfunded by $1.9 billion and $2.8 billion, respectively — had missed larger levels of funding, the analysis found. .

Forbes said some of the disparities can be explained by the research strength of some of the predominantly white institutions he studied. However, the authors wrote, this may create a self-fulfilling prophecy, where the ability of predominantly white institutions to conduct research increases following years of generous state funding, while their counterparts at HBCU are forced to work with much less.

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stock market news | volatility | Ukraine Crisis: Prepare for Greater Volatility and Subdued Returns: Harsha Upadhyaya https://ardud.ro/stock-market-news-volatility-ukraine-crisis-prepare-for-greater-volatility-and-subdued-returns-harsha-upadhyaya/ Mon, 28 Feb 2022 05:55:00 +0000 https://ardud.ro/stock-market-news-volatility-ukraine-crisis-prepare-for-greater-volatility-and-subdued-returns-harsha-upadhyaya/ “Valuations have corrected, but in a situation where geopolitical events are changing daily and equity valuations are causing concern, even over the medium term, due to the interest rate moves we are likely to see, it is very hard to call a dip,” he added. said Harsha UpadhyayaCIO-Equity, Kotak AMC. How are you approaching this […]]]>
“Valuations have corrected, but in a situation where geopolitical events are changing daily and equity valuations are causing concern, even over the medium term, due to the interest rate moves we are likely to see, it is very hard to call a dip,” he added. said Harsha UpadhyayaCIO-Equity, Kotak AMC.

How are you approaching this volatility patch?
The list of concerns only goes on and on and initially, over the past two months, we were concerned about how a change in monetary policy at global banks would affect equity valuations and emerging market flows etc. . Now the Russian-Ukrainian conflict has been added to the list of concerns. It is too early to say what the short to medium term impact on the markets would be as we are only just starting to see some impact on the FX and financial markets and we are only a few days away of the conflict. It remains to be seen how it evolves.

In this scenario, once this conflict is behind us, monetary policies around the world will become the central issues for the markets and, to that extent, it is very difficult to say that volatility will subside once the conflict is resolved. It may take a break if there is a relief rally for a while, but I would say changing monetary policies around the world will be the central issue and will continue for markets in 2022 for some time.

Are we in one of those years where we may get very low returns or maybe no returns?
This is still not our basic assumption. We are still looking at earnings growth of around 80-90% for fiscal year 2023. I understand that if commodity prices do not calm down, there could be concerns about that earnings growth and it will not is not as broad as what we saw in the 2020 recovery and in 2021. So to that extent there could be risks in terms of expected earnings growth.

But even allowing for some compression in valuations due to the higher interest rate scenario and its impact on valuations, we should still be looking at reasonable equity returns. But one thing is very clear and it has already been visible in the first month and a half, that the volatility is going to be much higher than what we have seen around Covid, until about March 2021. The volatility is going to be more and the returns are going to be moderate. It’s hard to say how it will pan out, but it would certainly be more subdued than that.

Is it fair to assume that until Uttar Pradesh’s election results are known, one cannot call a bottom or a range at an index level, even though Ukraine and Russia would a truce ?
I do not think so. In a local context, the UP elections could certainly be something that market participants would look for in terms of the outcome, as it will have a reasonable impact on the 2024 elections. So, over the next one or two weeks, we may not see very big moves in the market and it will be more choppy in a range.

Over the past 15 odd days, would you say pockets of the market were right to buy on the downside and, if so, where would you recommend to snack or buy?
We saw the market as a whole correcting quite nicely, but the index didn’t show that kind of downward volatility. It may be less than 10% off the top, but the majority of stocks are trading at the low 200-day moving average, showing that the returns haven’t been there in the broader market for quite some time. So to that extent, yes, valuations are corrected, but in a situation where geopolitical events are rotating daily and equity valuations are causing concern even in the medium term due to interest rate changes that we are likely to see, a bottom is very difficult to call.

Just look at the companies and sectors where earnings stability will continue and these are the pockets where you would strengthen your positions in times of corrections. But at the same time, there are a large number of pockets where valuations are still high and if the market continues to move sideways or continues to correct, these pockets will remain under pressure in our view.

What exactly will your strategy be? Are you going to be very selective even in the case of banks?
We have been quite selective in the financial space. We have shifted our weightings from non-credit businesses to credit businesses and in particular to some of the large private and public sector banks. The thesis is simple; if we believe there is going to be an economic recovery in the country, then credit growth should improve and asset quality issues should ease.

In this scenario, a stable set of lending businesses – be it insurance or asset management etc. to those companies that are not lending and to the behavior of the economy in the future, to that extent our position has shifted to the lending companies.

Even within that, we looked at banks that are fixing their asset quality issues and are likely to do well in terms of incremental market share as we move forward. This is the change in position that we expect over the last two quarters.

In the IT space, what kind of actions would be on the list?
In the IT sector, we continue to maintain an equal or slightly underweight weight in our portfolios and the bulk is underweight and comes from mid-cap IT companies where we do not have a large exposure. We believe that the valuations of mid-cap IT stocks are still well above their historical averages, as well as their trade valuations which are at a premium to large-cap IT names. So, to that extent, in the event of a market correction, there could be greater risk on mid-cap IT stocks. We have only built our positions in large cap IT companies.

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India Inc may maintain steady earnings growth, but crude oil may be a headwind https://ardud.ro/india-inc-may-maintain-steady-earnings-growth-but-crude-oil-may-be-a-headwind/ Sun, 27 Feb 2022 14:19:00 +0000 https://ardud.ro/india-inc-may-maintain-steady-earnings-growth-but-crude-oil-may-be-a-headwind/ The Indian market has moved in tandem with its global counterparts since the onset of the pandemic, both in a sharp decline and then in a strong recovery. But halfway through the race he broke away from the pack and started to pass his front row peers. The general comment then was that the Indian […]]]>

The Indian market has moved in tandem with its global counterparts since the onset of the pandemic, both in a sharp decline and then in a strong recovery. But halfway through the race he broke away from the pack and started to pass his front row peers. The general comment then was that the Indian market is well beyond fundamentals and there is no justification for the rally.

Corporate earnings reports since the start of the pandemic have pleasantly surprised all market enthusiasts.

For six consecutive quarters, India Inc has recorded double-digit growth. For the December 2021 quarter, the cumulative net profits of more than 3,000 companies that reported their results increased by 26.9% on an annual basis (YoY) and net sales by 24%.

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However, growth has not been uniform across all sectors. As has been the trend in recent quarters, the financials, metals, and oil & gas sectors outperformed the others. These sectors accounted for 60% of the total profit of all companies compared to 45% in the pre-pandemic era.

While revenue growth was visible across all sectors, manufacturing was impacted by rising input costs. With demand still returning to normal during pandemic-induced shutdowns in many states, businesses had to absorb the high cost they could not pass on.

Indian exports continue to contribute significantly, with engineering products, petroleum products, gemstones and jewellery, organic and inorganic chemicals, and medicines and pharmaceuticals being the main categories.

With the market reaction to the Russia-Ukraine crisis and the possibility of quantitative easing and interest rate hikes, what will future numbers look like? Just as the rally predicted improving numbers, the recent correction tells us that business growth is slowing.
There are signs of a slowdown in economic activity, as evidenced by the Industrial Production Index (IPI), which fell to 0.4% in December 2021, the lowest in 10 months. Manufacturing, which accounts for more than three-quarters of the IIP, fell 0.1% year-on-year, the first contraction since February 2021.
While the manufacturing sector may have paused, the service sector continues to have a positive outlook. Comments from most banks reflect the positive outlook for the near future. The budget provided the necessary impetus by increasing government spending, which can stimulate credit growth and improve manufacturing activity.

The IT sector continues to be the bright spot and is expected to grow to $350 billion by 2026 from the current level of $227 billion, adding another $30 billion in revenue to bring the overall growth rate to 15, 5% – the fastest in 11 years, according to Nascom. The industry believes FY23 will also mean rapid growth.

Overall, there are no signs of a significant decline in corporate earnings that can be expected in the last quarter of the current fiscal year, but there is also little likelihood of positive surprises. .

The biggest headwind for corporate earnings and the economy is the price of oil. Supply issues should keep the rate high.

Higher energy prices can worsen inflation and impact interest rates and consumption not only in India but also around the world. Certain sectors will thrive in this environment.

Are we in a situation where the fundamentals are ahead of the market after the recent drop? Not really, the market has been doing well and is well above average valuation. It still priced in strong earnings growth, which may not be the case in the current environment of high oil prices and rising bond yields.

The rise in inflation and the rise in key interest rates could act as a brake.

Although the market is down more than 10% from its peak in mid-October 2021, we are still not in the comfort zone. The fear of the unknown is still strong.

–Vijay Singhania is President of TradeSmart. The opinions expressed in this article are his own.

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Brokerages expect Northwest Bancshares, Inc. (NASDAQ:NWBI) to report EPS of $0.19 https://ardud.ro/brokerages-expect-northwest-bancshares-inc-nasdaqnwbi-to-report-eps-of-0-19/ Thu, 24 Feb 2022 07:11:37 +0000 https://ardud.ro/brokerages-expect-northwest-bancshares-inc-nasdaqnwbi-to-report-eps-of-0-19/ Wall Street analysts expect Northwest Bancshares, Inc. (NASDAQ:NWBI – Get Rating) to post earnings per share (EPS) of $0.19 for the current quarter, according to Zacks Investment Research. Four analysts released earnings estimates for Northwest Bancshares, with the lowest EPS estimate of $0.16 and the highest estimate of $0.22. Northwest Bancshares reported earnings of $0.32 […]]]>

Wall Street analysts expect Northwest Bancshares, Inc. (NASDAQ:NWBI – Get Rating) to post earnings per share (EPS) of $0.19 for the current quarter, according to Zacks Investment Research. Four analysts released earnings estimates for Northwest Bancshares, with the lowest EPS estimate of $0.16 and the highest estimate of $0.22. Northwest Bancshares reported earnings of $0.32 per share in the same quarter last year, suggesting a negative 40.6% year-over-year growth rate. The company is due to release its next results on Monday, April 25.

According to Zacks, analysts expect Northwest Bancshares to report annual earnings of $0.85 per share for the current fiscal year, with EPS estimates ranging from $0.75 to $0.93. For the next fiscal year, analysts expect the company to post earnings of $0.94 per share, with EPS estimates ranging from $0.85 to $0.99. Zacks Investment Research earnings per share averages are an average average based on a survey of research firms that provide coverage for Northwest Bancshares.

Northwest Bancshares (NASDAQ:NWBI – Get Rating) last released its results on Monday, January 24. The savings and loan company reported earnings per share (EPS) of $0.24 for the quarter, beating the Zacks consensus estimate of $0.22 by $0.02. Northwest Bancshares had a net margin of 27.49% and a return on equity of 9.86%.

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Separately, Zacks Investment Research upgraded Northwest Bancshares’ shares from a “hold” rating to a “sell” rating in a Wednesday, Jan. 5 research note.

In other news, Chief Financial Officer William W. Harvey sold 11,520 shares of Northwest Bancshares in a trade dated Monday, Dec. 6. The stock was sold at an average price of $14.19, for a total transaction of $163,468.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available via this link. Additionally, director Sonia M. Probst sold 6,022 shares of the company in a trade that took place on Thursday, February 10. The stock was sold at an average price of $13.99, for a total value of $84,247.78. The disclosure of this sale can be found here. Over the past ninety days, insiders have purchased 11,476 shares of the company worth $152,521. Insiders of the company hold 0.80% of the shares of the company.

Institutional investors and hedge funds have recently increased or reduced their stake in the company. Vanguard Group Inc. increased its position in Northwest Bancshares by 3.6% in the second quarter. Vanguard Group Inc. now owns 13,577,185 shares of the savings and loan company valued at $185,192,000 after acquiring an additional 471,301 shares during the period. State Street Corp increased its stake in shares of Northwest Bancshares by 6.0% during the fourth quarter. State Street Corp now owns 5,049,195 shares of the savings and loan company valued at $71,497,000 after acquiring an additional 286,600 shares during the period. Invesco Ltd. increased its stake in Northwest Bancshares by 30.5% in the third quarter. Invesco Ltd. now owns 3,945,871 shares of the savings and loan company valued at $52,401,000 after purchasing an additional 921,659 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Northwest Bancshares by 3.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,462,964 shares of the savings and loan company valued at $34,876,000 after purchasing an additional 76,884 shares during the period. Finally, Geode Capital Management LLC increased its stake in Northwest Bancshares by 4.1% in the second quarter. Geode Capital Management LLC now owns 2,403,409 shares of the savings and loan company valued at $32,782,000 after purchasing an additional 93,850 shares during the period. Institutional investors and hedge funds hold 60.42% of the company’s shares.

NWBI stock opened at $13.98 on Thursday. Northwest Bancshares has a 12-month low of $12.37 and a 12-month high of $15.48. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt ratio of 0.25. The company has a market capitalization of $1.77 billion, a P/E ratio of 11.55 and a beta of 0.61. The company has a 50-day simple moving average of $14.24 and a 200-day simple moving average of $13.77.

The company also recently declared a quarterly dividend, which was paid on Monday, February 14. Investors of record on Thursday, February 3 received a dividend of $0.20. The ex-dividend date was Wednesday, February 2. This represents a dividend of $0.80 on an annualized basis and a yield of 5.72%. Northwest Bancshares’ dividend payout ratio is currently 66.12%.

About Northwest Bancshares (Get an evaluation)

Northwest Bancshares, Inc is a holding company. It offers personal and commercial banking products, including employee benefits, investment management services, insurance and trusts. It engages in collecting deposits and making loans secured by various types of collateral, including real estate and other assets.

Further reading

Get a Free Copy of Zacks Research Report on Northwest Bancshares (NWBI)

For more information on Zacks Investment Research’s research offerings, visit Zacks.com

Earnings history and estimates for Northwest Bancshares (NASDAQ:NWBI)

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 [email protected]

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Investors Bancorp, Inc. (NASDAQ:ISBC) Receives Average “Buy” Rating from Analysts https://ardud.ro/investors-bancorp-inc-nasdaqisbc-receives-average-buy-rating-from-analysts/ Sun, 20 Feb 2022 13:55:38 +0000 https://ardud.ro/investors-bancorp-inc-nasdaqisbc-receives-average-buy-rating-from-analysts/ Shares of Investors Bancorp, Inc. (NASDAQ:ISBC) received a consensus “Buy” rating from the six research firms that currently cover the company, MarketBeat Ratings reports. Three investment analysts rated the stock with a hold recommendation and three gave the company a buy recommendation. The 12-month average price target among brokers who have reported on the stock […]]]>

Shares of Investors Bancorp, Inc. (NASDAQ:ISBC) received a consensus “Buy” rating from the six research firms that currently cover the company, MarketBeat Ratings reports. Three investment analysts rated the stock with a hold recommendation and three gave the company a buy recommendation. The 12-month average price target among brokers who have reported on the stock in the past year is $16.50.

Separately, Zacks Investment Research upgraded Investors Bancorp from a “buy” to a “hold” rating in a Wednesday, Dec. 29 research report.

In other news from Investors Bancorp, Executive Vice Chairman Richard Spengler sold 300,000 shares of the company in a trade on Wednesday, February 16. The stock was sold at an average price of $17.41, for a total value of $5,223,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed on the SEC’s website. Additionally, Chief Financial Officer P. Sean Burke sold 100,946 shares of the company in a trade on Wednesday, November 24. The shares were sold at an average price of $16.21, for a total value of $1,636,334.66. The disclosure of this sale can be found here. Insiders have sold 1,000,946 shares of the company worth $16,917,607 in the past three months. 3.22% of the shares are held by insiders.

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Several institutional investors and hedge funds have been buying and selling stocks recently. Deutsche Bank AG increased its stake in shares of Investors Bancorp by 60.9% during the fourth quarter. Deutsche Bank AG now owns 2,301,969 shares in the savings and loan company valued at $34,874,000 after acquiring an additional 870,855 shares in the last quarter. California State Teachers Retirement System increased its stake in shares of Investors Bancorp by 2.4% during the fourth quarter. California State Teachers Retirement System now owns 323,766 shares of the savings and loan company valued at $4,905,000 after acquiring 7,552 additional shares in the last quarter. Thrivent Financial for Lutherans increased its equity stake in Investors Bancorp by 0.7% during the fourth quarter. Thrivent Financial for Lutherans now owns 183,473 shares of the savings and loan company valued at $2,780,000 after acquiring 1,336 additional shares in the last quarter. MetLife Investment Management LLC increased its stake in Investors Bancorp by 4.8% in the fourth quarter. MetLife Investment Management LLC now owns 78,461 shares of the savings and loan company worth $1,189,000 after buying 3,562 additional shares in the last quarter. Finally, Public Employees Retirement System of Ohio increased its stake in Investors Bancorp by 9.9% in the 4th quarter. The Ohio Public Employees Retirement System now owns 15,524 shares of the savings and loan company worth $235,000 after purchasing 1,396 additional shares in the last quarter. 77.83% of the shares are currently held by institutional investors and hedge funds.

Shares of Investors Bancorp opened at $16.90 on Friday. The company’s 50-day simple moving average is $16.22 and its two-hundred-day simple moving average is $15.39. The company has a market capitalization of $4.19 billion, a price-earnings ratio of 12.71 and a beta of 0.98. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt ratio of 1.20. Investors Bancorp has a 12-month low of $12.51 and a 12-month high of $17.67.

Investors Bancorp Inc (NASDAQ:ISBC) last released quarterly earnings data on Wednesday, January 26. The savings and loan company reported earnings per share (EPS) of $0.40 for the quarter, beating Thomson Reuters consensus estimate of $0.32 by $0.08. Investors Bancorp achieved a return on equity of 11.68% and a net margin of 31.87%. In the same period a year earlier, the company had earned earnings per share of $0.32. On average, sell-side analysts expect Investors Bancorp to post EPS of 1.35 for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 25. Shareholders of record on Thursday, February 10 will receive a dividend of $0.16. This is a positive change from Investors Bancorp’s previous quarterly dividend of $0.14. The ex-date of this dividend is Wednesday, February 9. This represents an annualized dividend of $0.64 and a yield of 3.79%. Investors Bancorp’s dividend payout ratio is 48.12%.

Investors Bancorp Company Profile

Investors Bancorp, Inc operates as a bank holding company, which provides banking services. It offers banking solutions for individuals, small businesses and enterprises. Its services include financial education, loans, investments and planning, cash management and industry. The company was founded in 1926 and is based in Short Hills, NJ.

Further reading

Analyst Recommendations for Bancorp Investors (NASDAQ:ISBC)

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Proceedings of the last full day of the 2022 session https://ardud.ro/proceedings-of-the-last-full-day-of-the-2022-session/ Thu, 17 Feb 2022 00:33:45 +0000 https://ardud.ro/proceedings-of-the-last-full-day-of-the-2022-session/ The sun rose Wednesday on the last full day of New Mexico’s 30-day legislative session for 2022, as lawmakers adjourned to agree on a budget for fiscal year 2023 and the fate of many bills, including omnibus voting rights and election security. package, over hot coals. The nearly $8.5 billion proposed budget is headed to […]]]>

The sun rose Wednesday on the last full day of New Mexico’s 30-day legislative session for 2022, as lawmakers adjourned to agree on a budget for fiscal year 2023 and the fate of many bills, including omnibus voting rights and election security. package, over hot coals.

The nearly $8.5 billion proposed budget is headed to a conference committee after the state House of Representatives on Tuesday rejected an amended Senate bill. If the chambers do not agree on a budget before the close of business, the governor could call a special session to put together next year’s budget.

Previously:As time is running out, a New Mexico lawmaker is arrested and the crime bill moves forward

Lawmakers worked until late Tuesday night to finish work and pass an omnibus crime bill, a proposed interest rate cap on payday loans and an election. and the voting program, among others.

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New Residential Investment Corp. (NYSE:NRZ) is expected to report earnings of $0.40 per share https://ardud.ro/new-residential-investment-corp-nysenrz-is-expected-to-report-earnings-of-0-40-per-share/ Sun, 13 Feb 2022 15:16:02 +0000 https://ardud.ro/new-residential-investment-corp-nysenrz-is-expected-to-report-earnings-of-0-40-per-share/ Brokers expect New Residential Investment Corp. (NYSE:NRZ) will report earnings of $0.40 per share for the current fiscal quarter, Zacks reports. Two analysts released earnings estimates for New Residential Investment, with the lowest EPS estimate at $0.34 and the highest at $0.50. New Residential Investments reported earnings per share of $0.34 in the same quarter […]]]>

Brokers expect New Residential Investment Corp. (NYSE:NRZ) will report earnings of $0.40 per share for the current fiscal quarter, Zacks reports. Two analysts released earnings estimates for New Residential Investment, with the lowest EPS estimate at $0.34 and the highest at $0.50. New Residential Investments reported earnings per share of $0.34 in the same quarter last year, suggesting a positive year-over-year growth rate of 17.6%. The company is expected to announce its next quarterly results on Wednesday, May 4.

According to Zacks, analysts expect New Residential Investment to report annual earnings of $1.69 per share for the current fiscal year, with EPS estimates ranging from $1.41 to $2.00. For next year, analysts expect the company to post earnings of $2.01 per share, with EPS estimates ranging from $1.77 to $2.25. Zacks EPS averages are an average based on a survey of research analysts who cover new residential investments.

New Residential Investment (NYSE:NRZ) last reported results on Tuesday, February 8. The real estate investment trust reported EPS of $0.40 for the quarter, meeting Thomson Reuters consensus estimate of $0.40. New Residential Investments generated a net margin of 39.50% and a return on equity of 13.53%. The company posted revenue of $1.10 billion in the quarter, compared to $984.90 million expected by analysts. In the same quarter a year earlier, the company posted earnings per share of $0.32. The company’s revenue increased 15.2% year over year.

A number of brokerages have commented on NRZ. Zacks Investment Research moved shares of New Residential Investment from a “hold” rating to a “sell” rating in a Wednesday, Jan. 5 research note. JMP Securities raised its price target on New Residential Investment shares from $11.00 to $11.50 and gave the company a “market outperforming” rating in a Monday, Oct. 18 research note. StockNews.com cut shares of New Residential Investment from a “buy” rating to a “hold” rating in a research note on Wednesday. Royal Bank of Canada raised its price target on New Residential Investment shares from $12.00 to $13.00 and gave the company an “outperform” rating in a Friday, Nov. 19 research note. Finally, Piper Sandler cut her price target on New Residential Investment shares from $12.50 to $12.00 and set an “overweight” rating for the company in a Wednesday, Jan. 5 research note. They noted that the move was a review call. One research analyst gave the stock a sell rating, two gave the company a hold rating and eight gave the company a buy rating. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $12.50.

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Separately, director Robert Mcginnis acquired 4,000 shares of the company in a transaction dated Tuesday, November 23. The shares were purchased at an average cost of $25.18 per share, with a total value of $100,720.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available on the SEC’s website. 0.57% of the shares are held by insiders.

Large investors have recently increased or reduced their stakes in the stock. Selective Wealth Management Inc. increased its holdings in New Residential Investments by 368.5% in Q3. Selective Wealth Management Inc. now owns 2,600 shares of the real estate investment trust worth $29,000 after purchasing an additional 2,045 shares during the period. National Bank Huntington bought a new position in New Residential Investment in Q4, valued at around $32,000. UMB Bank NA MO bought a new position in New Residential Investment in Q4, valued at around $32,000. First Horizon Advisors Inc. increased its holdings in new residential investments by 207.1% in the 4th quarter. First Horizon Advisors Inc. now owns 3,329 shares of the real estate investment trust worth $36,000 after purchasing an additional 2,245 shares during the period. Finally, Lindbrook Capital LLC increased its stake in New Residential Investment by 121.0% in the 3rd quarter. Lindbrook Capital LLC now owns 3,695 shares of the real estate investment trust valued at $41,000 after purchasing an additional 2,023 shares during the period. 46.11% of the shares are currently held by institutional investors and hedge funds.

NRZ was down $0.15 during Friday trading hours, hitting $10.58. 5,326,797 shares of the company were traded, with an average volume of 5,905,155. The new residential investment has a 1-year low of $8.98 and a 1-year high of $11.81. The stock’s 50-day moving average is $10.82 and its two-hundred-day moving average is $10.82. The stock has a market capitalization of $4.94 billion, a price-earnings ratio of 7.72 and a beta of 1.85. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt ratio of 0.10.

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 28. Shareholders of record on Friday, December 31 received a dividend of $0.25. This represents an annualized dividend of $1.00 and a dividend yield of 9.45%. The ex-dividend date was Thursday, December 30. The New Residential Investment payout rate is currently 72.99%.

New Home Investment Business Profile

New Residential Investment Corp. is a real estate investment trust that focuses on the investment and active management of investments related to residential real estate. It operates through the following segments: Origination, Servicing, MSR Related Investments, Residential Securities & Lending, Consumer Lending and Corporate.

Further reading

Get a Free Copy of Zacks’ New Residential Investment (NRZ) Research Report

For more information on Zacks Investment Research’s research offerings, visit Zacks.com

Earnings history and new residential investment estimates (NYSE:NRZ)

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UPDATE: Pritzker on UI Campus: Illinois Intends to Drop Indoor Mask Mandate by Feb. 28 | Coronavirus https://ardud.ro/update-pritzker-on-ui-campus-illinois-intends-to-drop-indoor-mask-mandate-by-feb-28-coronavirus/ Wed, 09 Feb 2022 17:43:00 +0000 https://ardud.ro/update-pritzker-on-ui-campus-illinois-intends-to-drop-indoor-mask-mandate-by-feb-28-coronavirus/ CHAMPAIGN — Illinois is on track to lift its indoor mask mandate by the end of the month, Gov. JB Pritzker said during a Wednesday morning visit to the UI campus. “The intention” is to act by Feb. 28, said Pritzker, who is expected to make a formal announcement at a 2 p.m. news conference […]]]>

CHAMPAIGN — Illinois is on track to lift its indoor mask mandate by the end of the month, Gov. JB Pritzker said during a Wednesday morning visit to the UI campus.

“The intention” is to act by Feb. 28, said Pritzker, who is expected to make a formal announcement at a 2 p.m. news conference in Chicago.

“I think we’re all tired of wearing masks, that’s for sure,” said Pritzker of the Siebel Center for Design’s Maker Lab.

During his Wednesday visit to campus, he hinted that more information on the mask mandate for K-12 schools would come soon.

“We still have the sensitive locations of K-12 schools,” Pritzker said Wednesday, where “we have thousands of people interacting at the same time.

“It’s something that will come in weeks,” he said of the school mask mandate.

The news comes as the number of COVID-19 cases, positivity rates and hospitalizations continue to drop sharply after surging in January.

Illinois reported 5,825 new cases on Wednesday, down from 44,089 last month.

Statewide, 2,634 patients were hospitalized with COVID-19 on Wednesday, up from 7,380 in mid-January.

More soon.

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Lakeland Bancorp, Inc. (NASDAQ:LBAI) is expected to report earnings of $0.33 per share https://ardud.ro/lakeland-bancorp-inc-nasdaqlbai-is-expected-to-report-earnings-of-0-33-per-share/ Sat, 05 Feb 2022 11:19:34 +0000 https://ardud.ro/lakeland-bancorp-inc-nasdaqlbai-is-expected-to-report-earnings-of-0-33-per-share/ Wall Street brokers expect Lakeland Bancorp, Inc. (NASDAQ:LBAI) to report earnings per share (EPS) of $0.33 for the current quarter, Zacks reports. Four analysts provided earnings estimates for Lakeland Bancorp, with estimates ranging from $0.21 to $0.48. Lakeland Bancorp posted earnings per share of $0.45 in the same quarter last year, indicating a negative 26.7% […]]]>

Wall Street brokers expect Lakeland Bancorp, Inc. (NASDAQ:LBAI) to report earnings per share (EPS) of $0.33 for the current quarter, Zacks reports. Four analysts provided earnings estimates for Lakeland Bancorp, with estimates ranging from $0.21 to $0.48. Lakeland Bancorp posted earnings per share of $0.45 in the same quarter last year, indicating a negative 26.7% year-over-year growth rate. The company is due to announce its next results on Tuesday, April 26.

According to Zacks, analysts expect Lakeland Bancorp to report annual earnings of $1.70 per share for the current fiscal year, with EPS estimates ranging from $1.60 to $1.80. For the next fiscal year, analysts expect the company to post earnings of $1.90 per share, with EPS estimates ranging from $1.75 to $2.00. Zacks earnings per share averages are an average based on a survey of sell-side analysts who cover Lakeland Bancorp.

Lakeland Bancorp Inc (NASDAQ:LBAI) last released its quarterly results on Wednesday, January 26. The financial services provider reported earnings per share (EPS) of $0.45 for the quarter, beating analyst consensus estimates of $0.42 by $0.03. Lakeland Bancorp had a return on equity of 11.99% and a net margin of 33.98%. In the same period a year earlier, the company earned earnings per share of $0.37.

Separately, Zacks Investment Research downgraded Lakeland Bancorp’s rating from a “hold” rating to a “sell” rating in a Wednesday, October 27 research report.

Shares of LBAI opened at $18.71 on Friday. Lakeland Bancorp has a 52-week low of $14.17 and a 52-week high of $20.69. The company has a market capitalization of $946.84 million, a PE ratio of 10.17 and a beta of 0.89. The company has a fifty-day moving average of $18.97 and a 200-day moving average of $17.91. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt ratio of 0.26.

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The company also recently declared a quarterly dividend, which will be paid on Thursday, February 17. Shareholders of record on Monday, February 7 will receive a dividend of $0.135 per share. The ex-dividend date is Friday, February 4. This represents an annualized dividend of $0.54 and a dividend yield of 2.89%. Lakeland Bancorp’s dividend payout ratio is currently 29.35%.

Several institutional investors have recently changed their positions in LBAI. River Oaks Capital LLC purchased a new position in shares of Lakeland Bancorp during the fourth quarter at a value of $1,424,000. FJ Capital Management LLC increased its stake in Lakeland Bancorp shares by 40.3% during the third quarter. FJ Capital Management LLC now owns 3,099,000 shares of the financial services provider valued at $54,638,000 after purchasing an additional 890,000 shares during the period. State Street Corp increased its stake in Lakeland Bancorp shares by 14.2% during the second quarter. State Street Corp now owns 1,402,447 shares of the financial services provider valued at $24,515,000 after purchasing an additional 174,669 shares during the period. Two Sigma Advisers LP increased its stake in Lakeland Bancorp shares by 231.1% during the third quarter. Two Sigma Advisers LP now owns 202,726 shares of the financial services provider valued at $3,574,000 after purchasing an additional 141,500 shares during the period. Finally, John W. Rosenthal Capital Management Inc. bought a new position in shares of Lakeland Bancorp during the third quarter at a value of $1,854,000. Hedge funds and other institutional investors own 62.07% of the company’s shares.

About Lakeland Bancorp

Lakeland Bancorp, Inc is a bank holding company that provides lending, depository and related financial services. Its consumer banking services include checking accounts, savings accounts, interest-bearing checking accounts, money market accounts, certificates of deposit, internet banking, secured and unsecured loans, installment loans consumer products, mortgages and safe deposit services.

Feature article: What is a buyback?

Get a free copy of Zacks’ research report on Lakeland Bancorp (LBAI)

For more information on Zacks Investment Research’s research offerings, visit Zacks.com

Earnings history and estimates for Lakeland Bancorp (NASDAQ:LBAI)

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 Lakeland Bancorp right now?

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MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Lakeland Bancorp was not on the list.

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

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