Capital – Greguti http://greguti.com/ Mon, 27 Jun 2022 15:24:38 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://greguti.com/wp-content/uploads/2021/05/cropped-icon-32x32.png Capital – Greguti http://greguti.com/ 32 32 Payday Loan Service: Market Growth Expected to Increase Significantly from 2022 to 2028 https://greguti.com/payday-loan-service-market-growth-expected-to-increase-significantly-from-2022-to-2028/ Mon, 27 Jun 2022 15:24:38 +0000 https://greguti.com/payday-loan-service-market-growth-expected-to-increase-significantly-from-2022-to-2028/

Payday Loan Services Market 2022 this report is included with the Impact of latest market disruptions such as Russian-Ukrainian war and COVID19 outbreak impact analysis key points influencing market growth. Also, Payday Loan Services Market (By Major Key Players, By Types, By Applications and Major Regions) Segments Outlook, Business Assessment, Competition Scenario, Trends and Forecast through the coming year. The study of the Payday Loans Service report is done on the basis of important research methodology which provides an analytical inspection of the global market based on various segments in which the industry is also alienated in the summary and advanced size of the market owing to the various outlook possibilities. The report also gives 360 degree overview of the competitive landscape of industries. SWOT analysis was used to understand the strengths, weaknesses, opportunities and threats in front of the shops. Thus, helping businesses understand the threats and challenges facing businesses. The market for payday loan services is showing steady growth and CAGR is expected to improve over the forecast period.

This free sample report includes:
  1. A Brief Introduction to Payday Loan Services Market Research Report.
  2. Graphical introduction of the regional analysis.
  3. The top payday loan services market players with their revenue analysis.
  4. Selected illustrations of payday loan services market information and trends.
  5. Sample pages of the Payday Loan Services Market report.

Key players in the payday loan services market.

Credit J.D.
Credit 36​​5
Amaze Credit
Able ready
Quick credit
SalaryBefore
Cash advance credit
Maximum credit
Credit A1
Raffles Credit
Cashmax Payday Loans

Key Business Segmentation of the Payday Loan Services Market

On the basis of types, the payday loan services market from 2015 to 2025 is majorly split into:
Financial support from the platform
Off-platform financial support

based on records, the Personal Loan Service market from 2015 to 2025 covers:
Personal
Retirees
Others

Some of the key factors contributing to the growth of the payday loan services market include:

  • Increase in per capita disposable income
  • Youth friendly Demographics
  • Technological advancement

In terms of the impact of COVID 19, the Payday Loan Service Market report also includes the following data points:

  • Impact on Payday Loan Services Market Size
  • End-User Trend, Preferences, and Budget Impact of Payday Loan Services Market
  • Regulatory Framework/Government Policies
  • Key Players Strategy to Combat the Negative Impact of Payday Loan Services Market
  • New Payday Loan Services Market Opportunity Window

Payday Loan Services Market Regional Analysis:

It could be divided into two different sections: one for regional production analysis and the other for regional consumption analysis. Here, analysts share gross margin, price, revenue, production, CAGR, and other factors that indicate growth for all regional markets studied in the report. covering North America, Europe, Asia-Pacific, South America, Middle East and Africa.

Key Question Answered in Payday Loan Services Market Report.

  • What are the strengths and weaknesses of the payday loan services market?
  • What are the different marketing and distribution channels?
  • What is the current CAGR of the Payday Loan Services Market?
  • What are the Payday Loan Services market opportunities ahead of the market?
  • Who are the major competitors in the payday loan services market?
  • What are the main results of SWOT and Porter’s Five Techniques?
  • What is the payday loan services market size and growth rate over the forecast period?

Buy the FULL report now! https://www.qurateresearch.com/report/buy/BnF/global-payday-loans-service-market/QBI-MR-BnF-1082472

A free data report (in the form of an Excel data sheet) will also be provided upon request with a new purchase.

Main points of the table of contents:

There are 13 Chapters to detail the Payday Loan Services market. This report included the analysis of market overview, market characteristics, industry chain, competition landscape, historical and future data by types, applications and regions.

  • Chapter 1: Payday Loan Services Market overview, product overview, market segmentation, regions market overview, market dynamics, limitations, opportunities, and industry news and policies.
  • Chapter 2: Payday Loan Services industry chain analysis, upstream raw material suppliers, major players, production process analysis, cost analysis, market channels and major downstream buyers.
  • Chapter 3: Analysis of value, production, growth rate and price analysis by type of payday loans service.
  • Chapter 4: Downstream characteristics, consumption and market share by application of personal loan service.
  • Chapter 5: Production volume, price, gross margin and revenue ($) of Payday Loan Service by regions.
  • Chapter 6: Production, consumption, export and import of payday loan services by regions.
  • Chapter 7: Payday Loan Services Market Status and SWOT Analysis by Regions.
  • Chapter 8: Competitive landscape, product overview, company profiles, Payday Loan Service players market distribution status.
  • Chapter 9: Payday Loan Services Market Analysis and Forecast by Type and Application.
  • Chapter 10: Payday Loan Services Market Analysis and Forecast by Regions.
  • Chapter 11: Characteristics of the payday loan services industry, key factors, new entrants SWOT analysis, investment feasibility analysis.
  • Chapter 12: Payday Loan Services Market Conclusion of the entire report.
  • Chapter 13: Appendix such as Payday Loan Services Market Research Methodology and Data Resources.

(*If you have special requirements, please let us know and we will offer you the report you want.)

Note – In order to provide more accurate market forecasts, all our reports will be updated prior to delivery considering the impact of COVID-19.

Contact us:
The Web: www.qurateresearch.com
Email: sales@qurateresearch.com
Phone: USA – +13393375221, IN – +919881074592

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Best Small Business Loans for Gigsters https://greguti.com/best-small-business-loans-for-gigsters/ Sat, 25 Jun 2022 23:54:29 +0000 https://greguti.com/best-small-business-loans-for-gigsters/

As a gigster, you probably come across many situations where you need money that you don’t have on hand. You want to start a new business, but you need an expensive machine or equipment. Or maybe you want to expand a current business but don’t have the necessary capital.

Whether you want to launch a new business idea, invest in real estate for an ongoing business, or need funds for another reason, a small business loan can help you achieve your professional goals.

This article discusses some common types of small business loans and the best lender options for finding financing today.

Key points to remember

  • With the wide variety of small business loans, you’re sure to find one that meets your needs.
  • Kabbage offers the most flexible loan options for small businesses.
  • Fundera offers low-risk SBA loans to help businesses build credit.
  • BlueVine provides small business loans to those with low credit scores.
  • FundingCircle offers the best term loans for small businesses.
  • Kiva provides the best microloans to unbanked borrowers.
  • OnDeck offers term loans with the possibility of disbursement on the same day.

Types of Small Business Loans

Many financing options exist for small business loans. What’s best for you depends on your credit, collateral, and situation. Review the types of loans below to learn more about some of the more common types.

Term loans

When they hear the word loan, most people think of a term loan. The lender gives the borrower a lump sum, which the borrower repays in fixed monthly installments with interest. Most auto loans, home loans, and personal loans fall into the term loan category.

Unlike some types of loans that limit where the money goes, term loans offer flexible financing for anything you might need. You can use a term loan to finance large equipment purchases, pay new employees, or cover day-to-day expenses.

Commercial mortgages

Business owners purchase commercial real estate using commercial mortgages. These loans work the same way as other term loans with the lending of a lump sum and the repayment via fixed monthly installments. You can use a commercial mortgage to purchase commercial property, renovate an existing property, or even refinance another commercial real estate loan.

SBA Loans

Backed by the government, Small Business Administration (SBA) loans provide capital at lower interest rates and less risk to the borrower. These loans are very useful, but the application process is often long. Approval for an SBA loan can take months, so reconsider this option if you need cash fast.

Commercial lines of credit

Many business owners are opting for lines of credit over traditional loans to borrow only what they need. Lines of credit offer revolving credit limits and only charge interest on what you withdraw. If you need variable amounts of money over a long period of time, a business line of credit can help you maintain your cash flow.

Microcredits

Business owners who need a small amount of money take out microloans of up to $50,000. Some microloan lenders charge ridiculously high interest rates, but you can find affordable microloan with the right lender.

The type of small business loan you need depends on your business and your circumstances. For example, an SBA loan may be the perfect financing option if you need a low-risk loan with low interest rates and fees.

Small Business Loans for Gigsters

Below you will find a list of the best small business loans offered by private lenders. These options include term loans, lines of credit, SBA loans, microloans, and loans with low credit score requirements.

Kabbage: the most flexible loans

If you need capital but aren’t sure how much, Kabbage offers a great solution. Kabbage customers are approved for a certain amount of financing, provided through a line of credit.

Since you don’t have to take out the entire loan amount all at once, you only pay interest on what you’ve spent. Kabbage provides maximum flexibility by allowing business owners to borrow what they need when they need it rather than taking out an over-term loan.

Fundera: Best SBA Loans

If getting into debt makes you nervous, try an SBA loan for government support, lower interest rates and reduced fees. Fundera offers SBA loans to help small business owners with limited credit histories and lower credit scores.

BlueVine: Best loans for bad credit

BlueVine is another small business loan option if your credit score needs improvement. This private lender offers financing for small businesses with FICO scores as low as 530. If you need capital but don’t qualify for many loans, BlueVine can provide the financing you need.

FundingCircle: Best Term Loans

FundingCircle offers small business loans up to $250,000. They only require a minimum credit score of 600 and can offer same-day disbursement depending on where you live and your loan amount. However, business owners in Nevada, North Dakota, and South Dakota are not eligible for loans from FundingCircle.

FundingCircle doesn’t charge prepayment fees, so you won’t be penalized for making prepayments on your loan.

Kiva: the best microloans

If you’re an unbanked business owner, you’re probably struggling to qualify for business loans. Kiva offers interest-free microloans between $1,000 and $15,000 to help these business owners get the financing they need. Kiva does not require a minimum credit score, but they do need investors in the form of friends and family members.

OnDeck: the best loans on the same day

If you need same-day financing, consider OnDeck. This private lender offers business owner loans with same-day disbursement (up to $100,000 in some states). OnDeck only requires a minimum credit score of 600 and offers loans up to $250,000.

Find a small business loan from these top lenders to jump-start your efforts to achieve your goals, whether you’re starting a new business or need capital for a current small business. If you’re looking for more tips for running a small business, click this link to find out some of them. essential business finance advice Nearside small business banking experts.

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Labor market boost hits tech and crypto hard https://greguti.com/labor-market-boost-hits-tech-and-crypto-hard/ Fri, 24 Jun 2022 00:01:00 +0000 https://greguti.com/labor-market-boost-hits-tech-and-crypto-hard/


New York
CNN Business

This story is part of CNN Business’ Nightcap newsletter. To receive it in your inbox, subscribe for free, here.

The good times continue to roll for the job market – there are still nearly two jobs open for every person looking – but a series of recent headlines about wide-ranging layoffs could give energy to “spring 2020 “.

See here:

  • Netflix announced today that it is laying off 300 employees, or about 3% of its workforce.
  • Elon Musk uttered the word “bankruptcy” at an event and freaked everyone out, saying new Tesla factories are “losing billions of dollars.”
  • Yesterday, JPMorgan Chase laid off hundreds of staff from its mortgage division, citing rising rates which are dampening demand.
  • Last week, real estate giants Redfin and Compass, which have thrived in the pandemic era of low mortgage rates and voracious demand, announced deep cuts.
  • The whiplash is also hitting crypto hard: Coinbase abruptly laid off 18% of its staff last week, froze hiring and even canceled job offers.
  • Spotify, StitchFix and Carvana are also making cuts.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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


Consumer advocates call BS.

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

Read Nicole’s full story here.

Do you like the nightcap? Register and you’ll get all of this, plus other fun internet stuff we’ve loved, delivered to your inbox every night. (OK, most nights – we believe in a four-day week here.)

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

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

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

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

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

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

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

About TriplePoint Venture Growth BDC (Get a rating)

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

Featured Articles

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UWM Holdings Co. is expected to post earnings of $0.41 per share for fiscal 2023 (NYSE: UWMC) https://greguti.com/uwm-holdings-co-is-expected-to-post-earnings-of-0-41-per-share-for-fiscal-2023-nyse-uwmc/ Mon, 20 Jun 2022 05:50:59 +0000 https://greguti.com/uwm-holdings-co-is-expected-to-post-earnings-of-0-41-per-share-for-fiscal-2023-nyse-uwmc/

UWM Holdings Co. (NYSE: UWMC – Get a rating) – Wedbush dropped its full-year 2023 earnings per share (EPS) estimates for UWM in a research report released to clients and investors on Friday, June 17. Wedbush analyst H. Coffey now expects the company to post earnings per share of $0.41 for the year, down from its previous forecast of $0.50. Wedbush has a “Neutral” rating and a price target of $5.00 on the stock. The consensus estimate of UWM’s current annual earnings is $0.20 per share.

A number of other analysts have also recently weighed in on the stock. BTIG Research began covering UWM shares in a report on Wednesday, April 20. They set a “neutral” rating on the stock. Barclays lowered its price target on UWM shares from $7.00 to $5.00 and set an “equal weight” rating on the stock in a Thursday, March 3 research note. Goldman Sachs Group lowered its price target on UWM shares from $5.25 to $4.60 and set a “neutral” rating on the stock in a Monday, April 4 report. Argus downgraded UWM’s shares from a “buy” rating to a “hold” rating in a Thursday, June 2 research report. Finally, Credit Suisse Group lowered its price target on UWM shares to $4.00 and set a “neutral” rating for the company in a Thursday, May 19 research note. One equity research analyst has assigned the stock a sell rating, ten have assigned a hold rating and one has assigned the company’s stock a buy rating. According to data from MarketBeat.com, UWM currently has an average rating of “Hold” and an average price target of $5.56.

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NYSE UWMC opened at $3.22 on Monday. The company has a 50-day simple moving average of $3.82 and a 200-day simple moving average of $4.70. The company has a debt ratio of 0.64, a quick ratio of 1.85 and a current ratio of 1.85. UWM has a 1-year low of $3.14 and a 1-year high of $10.02. The company has a market capitalization of $297.95 million, a price-earnings ratio of 5.75 and a beta of 1.01. UWM (NYSE: UWMC- Get a rating) last reported quarterly earnings data on Tuesday, May 10. The company reported EPS of $0.43 for the quarter, beating analyst consensus estimates of $0.08 by $0.35. UWM had a return on equity of 13.31% and a net margin of 2.78%. The company posted revenue of $821.79 million for the quarter, versus a consensus estimate of $526.47 million. In the same quarter last year, the company posted earnings per share of $0.71.

A number of hedge funds have recently changed their positions in UWMC. Captrust Financial Advisors bought a new position in UWM stock in the third quarter worth about $32,000. Allegheny Financial Group LTD acquired a new stake in UWM in Q4 worth $30,000. WealthPLAN Partners LLC acquired a new stake in UWM in Q4 valued at $52,000. Baker Tilly Wealth Management LLC acquired a new position in UWM stock during Q1 worth approximately $48,000. Finally, SG Americas Securities LLC acquired a new position in UWM shares during the 1st quarter for a value of approximately $52,000. 33.06% of the shares are currently held by institutional investors and hedge funds.

The company also recently declared a quarterly dividend, which will be paid on Monday, July 11. Shareholders of record on Tuesday, June 21 will receive a dividend of $0.10. This represents a dividend of $0.40 on an annualized basis and a dividend yield of 12.42%. The ex-dividend date is Friday, June 17. UWM’s dividend payout ratio is 71.43%.

About UWM (Get a rating)

UWM Holdings Corporation is engaged in residential mortgage lending business in the United States. The company issues mortgages through the wholesale channel. It is primarily the originator of conforming loans and government loans. UWM Holdings Corporation was founded in 1986 and is headquartered in Pontiac, Michigan.

See also

Earnings history and estimates for UWM (NYSE: UWMC)

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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]]> Eagle Bancorp, Inc. (NASDAQ:EGBN) raises dividend to $0.45 per share https://greguti.com/eagle-bancorp-inc-nasdaqegbn-raises-dividend-to-0-45-per-share/ Sat, 18 Jun 2022 13:09:32 +0000 https://greguti.com/eagle-bancorp-inc-nasdaqegbn-raises-dividend-to-0-45-per-share/

Eagle Bancorp, Inc. (NASDAQ: EGBN- Get a rating) declared a quarterly dividend on Thursday, June 16, Zacks reports. Shareholders of record on Monday July 11 will receive a dividend of 0.45 per share from the financial services provider on Friday July 29. This represents an annualized dividend of $1.80 and a dividend yield of 3.92%. The ex-dividend date is Friday, July 8. This is a boost from Eagle Bancorp’s previous quarterly dividend of $0.40.

Eagle Bancorp has a dividend payout ratio of 31.2%, indicating that its dividend is sufficiently covered by earnings. Research analysts expect Eagle Bancorp to earn $5.07 per share next year, meaning the company should continue to be able to cover its $1.60 annual dividend with a ratio expected future payout of 31.6%.

Shares of EGBN opened at $45.93 on Friday. Eagle Bancorp has a fifty-two week low of $44.85 and a fifty-two week high of $63.84. The company has a debt ratio of 0.05, a quick ratio of 0.80 and a current ratio of 0.80. The stock’s fifty-day moving average is $50.21 and its two-hundred-day moving average is $55.77. The company has a market capitalization of $1.47 billion, a P/E ratio of 8.23 ​​and a beta of 0.98.

Eagle Bancorp (NASDAQ:EGBN – Get a rating) last released its quarterly results on Wednesday, April 20. The financial services provider reported earnings per share of $1.42 for the quarter, beating the consensus estimate of $1.06 by $0.36. The company posted revenue of $87.91 million for the quarter, versus a consensus estimate of $86.40 million. Eagle Bancorp had a net margin of 45.21% and a return on equity of 13.59%. During the same period last year, the company posted earnings per share of $1.36. On average, stock analysts expect Eagle Bancorp to post earnings per share of 4.98 for the current year.

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Several hedge funds and other institutional investors have recently changed their positions in the company. Jane Street Group LLC increased its position in Eagle Bancorp shares by 190.6% during the first quarter. Jane Street Group LLC now owns 11,685 shares of the financial services provider worth $666,000 after purchasing an additional 7,664 shares during the period. Goldman Sachs Group Inc. increased its position in Eagle Bancorp shares by 23.1% during the first quarter. Goldman Sachs Group Inc. now owns 62,505 shares of the financial services provider worth $3,564,000 after purchasing an additional 11,728 shares during the period. Captrust Financial Advisors increased its position in Eagle Bancorp shares by 74.6% during the first quarter. Captrust Financial Advisors now owns 2,353 shares of the financial services provider worth $134,000 after purchasing an additional 1,005 shares during the period. State Street Corp increased its position in Eagle Bancorp shares by 9.7% in the first quarter. State Street Corp now owns 1,368,799 shares of the financial services provider worth $78,035,000 after purchasing an additional 120,501 shares during the period. Finally, Invesco Ltd. increased its position in Eagle Bancorp shares by 95.6% during the 1st quarter. Invesco Ltd. now owns 304,792 shares of the financial services provider worth $17,376,000 after purchasing an additional 148,941 shares during the period. Institutional investors and hedge funds own 73.83% of the company’s shares.

Separately, StockNews.com launched a coverage on Eagle Bancorp in a research report on Thursday, March 31. They have set a “holding” rating on the stock.

About Eagle Bancorp (Get a rating)

Eagle Bancorp, Inc operates as a bank holding company for EagleBank which provides commercial and consumer banking services primarily in the United States. The Company also offers various consumer and commercial loan products including commercial loans for working capital, equipment purchase, home equity lines of credit and government contract financing; asset-based lending and accounts receivable financing; construction loans and commercial real estate; commercial equipment financing; consumer home equity lines of credit, personal lines of credit and term loans; consumer installment loans, such as car and personal loans; personal credit cards; and residential mortgages.

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Dividend history for Eagle Bancorp (NASDAQ:EGBN)

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]]> H E. Timanus, Jr. acquires 2,000 shares of Prosperity Bancshares, Inc. (NYSE: PB) https://greguti.com/h-e-timanus-jr-acquires-2000-shares-of-prosperity-bancshares-inc-nyse-pb/ Thu, 16 Jun 2022 22:41:56 +0000 https://greguti.com/h-e-timanus-jr-acquires-2000-shares-of-prosperity-bancshares-inc-nyse-pb/

Prosperity Bancshares, Inc. (NYSE: PB – Get a rating) Chairman H E. Timanus, Jr. acquired 2,000 shares of Prosperity Bancshares in a transaction on Thursday, June 16. The shares were purchased at an average cost of $65.60 per share, with a total value of $131,200.00. Following the purchase, the president now directly owns 4,000 shares of the company, valued at approximately $262,400. The purchase was disclosed in a legal filing with the SEC, accessible via this hyperlink.

PB stock traded at $1.40 in Thursday’s midday session, hitting $66.26. The company’s stock had a trading volume of 996,667 shares, compared to an average volume of 517,103. The stock’s 50-day moving average price is $68.79 and its 200-day moving average price is $71.61. Prosperity Bancshares, Inc. has a 1-year low of $64.40 and a 1-year high of $80.46. The stock has a market capitalization of $6.11 billion, a price/earnings ratio of 12.28, a PEG ratio of 1.20 and a beta of 1.08.

Prosperity Bancshares (NYSE: PB – Get a rating) last released its quarterly earnings data on Wednesday, April 27. The bank reported earnings per share of $1.33 for the quarter, beating the consensus estimate of $1.29 by $0.04. Prosperity Bancshares had a return on equity of 7.95% and a net margin of 43.64%. The company posted revenue of $275.07 million for the quarter, compared to $273.00 million expected by analysts. In the same quarter a year earlier, the company earned earnings per share of $1.44. Research analysts expect Prosperity Bancshares, Inc. to post earnings per share of 5.66 for the current year.

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The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 1. Shareholders of record on Wednesday, June 15 will receive a dividend of $0.52. The ex-date of this dividend is Tuesday, June 14. This represents an annualized dividend of $2.08 and a yield of 3.14%. Prosperity Bancshares’ dividend payout ratio is currently 37.75%.

Hedge funds have recently been buying and selling shares of the company. Covestor Ltd purchased a new equity stake from Prosperity Bancshares in the fourth quarter worth $27,000. City State Bank bought a new stake in shares of Prosperity Bancshares in the fourth quarter worth $36,000. Marshall Wace North America LP bought a new equity stake in Prosperity Bancshares in the first quarter for $35,000. Artemis Wealth Advisors LLC purchased a new equity stake from Prosperity Bancshares in the first quarter for $39,000. Finally, Dupont Capital Management Corp bought a new equity stake in Prosperity Bancshares in the fourth quarter worth $49,000. 80.30% of the shares are currently held by institutional investors and hedge funds.

Several brokerages have recently released reports on BP. Wolfe Research cut its target price on Prosperity Bancshares from $69.00 to $63.00 and gave the stock an “underperform” rating in a Thursday, May 26 research report. Truist Financial cut its price target on Prosperity Bancshares from $78.00 to $77.00 and set a “buy” rating on the stock in a research report Wednesday. To finish, StockNews.com cut shares of Prosperity Bancshares from a “hold” rating to a “sell” rating in a Thursday, June 2 research report. Two equity research analysts gave the stock a sell rating, two issued a hold rating and one gave the company a buy rating. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $77.75.

About Prosperity Bancshares (Get a rating)

Prosperity Bancshares, Inc operates as a bank holding company for Prosperity Bank which provides financial products and services to businesses and consumers. It accepts various deposit products, such as current, savings, money market and term accounts, as well as certificates of deposit. The company also offers 1-4 family residential mortgages, commercial and multi-family residential, commercial and industrial, agricultural and non-real estate mortgages, as well as loans for construction, land development and other land loans. ; consumer loans, including secured loans for automobiles, recreational vehicles, boats, home improvement, personal and deposit accounts; and consumer durables and home equity loans, as well as loans for working capital, business expansion, and the purchase of equipment and machinery.

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]]> Valerie O. Murray Acquires 1,400 Shares of Provident Financial Services, Inc. (NYSE: PFS) https://greguti.com/valerie-o-murray-acquires-1400-shares-of-provident-financial-services-inc-nyse-pfs/ Tue, 14 Jun 2022 22:38:33 +0000 https://greguti.com/valerie-o-murray-acquires-1400-shares-of-provident-financial-services-inc-nyse-pfs/

Provident Financial Services, Inc. (NYSE: PFS – Get a rating) Executive Vice President Valerie O. Murray bought 1,400 shares in a trade that took place on Tuesday, June 14. The shares were purchased at an average price of $21.62 per share, with a total value of $30,268.00. Following the completion of the acquisition, the executive vice president now directly owns 39,683 shares of the company, valued at $857,946.46. The purchase was disclosed in an SEC filing, which is available via this link.

Provident Financial Services stock traded down $0.16 at midday Tuesday, hitting $21.76. 307,935 shares of the company were traded, against an average volume of 345,724. The company has a debt ratio of 0.28, a current ratio of 0.89 and a quick ratio of 0.89. The company’s 50-day moving average price is $22.40 and its 200-day moving average price is $23.44. The company has a market capitalization of $1.64 billion, a price-earnings ratio of 10.17 and a beta of 0.91. Provident Financial Services, Inc. has a 52-week low of $20.86 and a 52-week high of $26.20.

Provident Financial Services (NYSE: PFS – Get a rating) last released its quarterly earnings data on Friday, April 29. The savings and loan company reported earnings per share (EPS) of $0.58 for the quarter, beating consensus analyst estimates of $0.47 by $0.11. The company posted revenue of $114.67 million for the quarter, versus a consensus estimate of $115.10 million. Provident Financial Services posted a net margin of 33.46% and a return on equity of 9.79%. During the same period of the previous year, the company achieved EPS of $0.63. On average, sell-side analysts expect Provident Financial Services, Inc. to post EPS of 2.2 for the current year.

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The company also recently announced a quarterly dividend, which was paid on Friday, May 27. Shareholders of record on Friday, May 13 received a dividend of $0.24. This represents a dividend of $0.96 on an annualized basis and a dividend yield of 4.41%. The ex-dividend date was Thursday, May 12. Provident Financial Services’ dividend payout ratio is currently 44.86%.

Separately, StockNews.com began covering Provident Financial Services shares in a research report on Thursday, March 31. They have set a “holding” rating on the stock.

Several large investors have recently increased or reduced their stake in the company. JW Cole Advisors Inc. bought a new stake in Provident Financial Services stock in Q1 worth approximately $171,000. Captrust Financial Advisors increased its position in Provident Financial Services shares by 15.5% in the first quarter. Captrust Financial Advisors now owns 16,305 shares of the savings and loan company worth $382,000 after buying 2,188 additional shares during the period. Invesco Ltd. increased its position in Provident Financial Services shares by 60.2% in the 1st quarter. Invesco Ltd. now owns 1,073,084 shares of the savings and loan company worth $25,110,000 after purchasing an additional 403,067 shares during the period. Renaissance Technologies LLC increased its position in Provident Financial Services shares by 70.6% in the first quarter. Renaissance Technologies LLC now owns 366,046 shares of the savings and loan company worth $8,565,000 after purchasing an additional 151,446 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Provident Financial Services by 2.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 732,800 shares of the savings and loan company worth $17,148,000 after purchasing an additional 17,557 shares during the period. 63.82% of the shares are currently held by hedge funds and other institutional investors.

Provident financial services company profile (Get a rating)

Provident Financial Services, Inc. operates as a bank holding company for Provident Bank which provides various personal, family and business banking products and services in the United States. The Company’s deposit products include savings, checks, interest-bearing checks, money market deposits and certificates of deposit accounts, as well as IRA products.

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Insider buying and selling by quarter for Provident Financial Services (NYSE:PFS)

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Should you invest $1,000 in Provident Financial Services 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 hold…and Provident Financial Services was not on the list.

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]]> Banks move to Checkmate mobile networks with payment systems https://greguti.com/banks-move-to-checkmate-mobile-networks-with-payment-systems/ Mon, 13 Jun 2022 04:39:44 +0000 https://greguti.com/banks-move-to-checkmate-mobile-networks-with-payment-systems/

By AYOOLA OLAOLUWA

A kind of chess game has started between the 25 depository banks (DMB) and financial technology companies (Fintech) operating in the country for control of the country’s payment services system.

Traditional banks, it will be recalled, dominated the Nigerian banking space for more than a century with the provision of banking services such as loans, cash withdrawals and deposits, among other customer services.

However, bank customers still share their bitter experiences while banking, such as long time spent in queues to get money, lack of access to proper products and services, poor customer support , as well as the exorbitant fees imposed on them by their banks.

Among the payment innovations adopted by banks are Vulte from Polaris, First Wallet from FBN, PayGate from Fidelity bank and AccessGate from Access Bank.

“Banks have been slow to respond to customer complaints and aspirations, despite their deep pockets and massive branch presence across the country.

“So it was no surprise to some of us when they got duped by the fintech rampages. With fintech, you don’t have to worry about banking issues. From the comfort of your home, your office or from your store, you can access mobile payments, flexible savings, investments, quick/instant loans and affordable payment channels,” said Demola Turner, IT Manager at a fintech firm in Lagos.

Taking advantage of the gaps and poor services rendered by banks, fintechs have stepped in to fill the gaps, first with the entry of Interswitch into the Nigerian banking sector in 2002.

Interswitch has largely solved the problem of delay in getting money from banking halls with the introduction of automatic teller machines (ATMs) inside and outside bank branches.

About 20 years later, fintechs had totally disrupted traditional banking methods with the creation of smooth and easy financial services and solutions for technology-enabled customers.

Available records indicate that the financial services sector is totally saturated with more than 400 fintechs in fierce competition with traditional banks for control of the loans and payments market.

The entry of mobile network providers has made it more difficult for depository banks still struggling to stave off the onslaught of fintechs that have cornered much of their retail market.

Recently, the Central Bank of Nigeria (CBN) granted final approval for a Payment Service Bank (PSB) license to MTN Nigeria’s fintech subsidiary, MoMo Payment Service Bank (MoMo PSB) Limited and Airtel Nigeria’s SmartCash PSB.

This brings the total to four mobile network providers with PSB licenses, as the CBN had in 2020 granted approval to Globacom’s Money Master and 9Mobile’s 9PSB, as well as a non-GSM company, Unified Payment (Hope PSB) to start payment service banks.

The five PSBs are outside the legions of fintechs that have given traditional banks sleepless nights. The arrival of these 5 PSBs, according to some financial experts, would also pose huge threats to the profitability of DMBs.
However, Business Hallmark’s findings revealed that banks are not just rolling, but reacting to the disruptive threat posed by fintechs.

According to BH’s findings, most banks have adopted innovative technologies and are now offering their customers more customer-centric and digital experiences.

A staff member of one of the largest banks in the country informed our correspondent that his bank had identified some opportunities, especially with the CBN’s inclusive finance program, and seized them.

“A recent report by a media and research data analytics organization, Dataphyte, said a total of N26.17 trillion in transactions took place outside of traditional banking systems in 2021.
“This means there is a huge goldmine to be tapped outside. Already, we had fully embraced the CBN’s plan to target 38 million Nigerian adults (36% of the population) who are financially excluded.

“As you may have noticed, we now have our kiosks and payment points in every nook and corner of major cities and towns across the country. We also have them in rural areas, but not as many as in cities.
“No one can be an island on their own, so we are cooperating with mobile network providers to reach unbanked Nigerians.

“They too need us because most Nigerians do not yet know how to open wallets with businesses to send or withdraw money. Fintechs have the technology and we have the market. What we have now resembles the national grid system where the gencos generate electricity but depend on the transmission company to supply electricity to nightclubs and end users. It will take time, but we will get there,” the bank employee said.

The CBN, BH recalled, had set a target of achieving 95% financial inclusion by 2024 (in 2 years) to boost financial inclusion, especially in rural areas.

Banks also provide enhanced services to their customers through relevant product recommendations and information to help make informed business decisions.

For example, some banks, through cookies and other IT tools that monitor customer activities online, are now able to recognize customers’ urgent wants and needs.

“I once went online to check which solar power system to buy as the power supply in my area is very poor. I saw one of N465,000 (1 kva) which matched my current needs.

“As I have no money at hand, I planned to save for this. However, I was surprised when my bank offered me a consumer loan of N500,000 to buy a solar power system.

“I was shocked and wondered how they had learned that I desperately needed a solar generator. It was about a week later at church when a fellow computer expert told me that all activities are monitored online, even the physical activities of human beings.

“I was baffled by this revelation, especially the claim that customers’ physical activities could be monitored online.

“But he quietly explained that most Nigerians unwittingly put their GPRS (location) online which allows them to be tracked digitally.

“He said that if a customer walked into a phone shop, those watching him would likely conclude that he was looking for phone products. And before he knew it, offers for phone products would begin to flood his phones and computer system/

“Furthermore, a regular customer identified as a business owner via ‘digital bread combs’ will notice that business loan offers, insurance policies, direct vendor payment tools and other relevant products flood their phones and email address,” the IT engineer said.

BH has reliably discovered that most banks currently lack the technology to monitor customers online.

However, the banks, it was learned, had used the services of reliable data and IT companies that collect a lot of first-party data on their customers’ activities outside the bank’s environment.

Some banks, we also learned, benefit from data enrichment. For example, a corps member who recently completed his youth service in Enugu state, told our correspondent that he got a good job in April and was surprised when he received a massage from his bank to upgrade his account to a salary account in another to start enjoying a lot of benefits.

“I was stunned when I received the message, but a colleague of mine who studied computer science in school said that I had to fill in forms when accepting the job offer. Information , he assured me, must have fallen into the hands of my bank,” the new corpsman said.

All commercial banks, the findings revealed, also have digital channels that do not depend on the Internet. These innovative channels include branch banking (POS), SMS and USSD banking.
On the other hand, MarTech platforms based on Terragon’s data deployed by banks have been able to target unbanked consumers, based on their device type, location, interest, power of purchase and others.

Using this device, banks can now engage with their customers via SMS to recommend mobile banking channels, the nearest ATMs or banking agents, and relevant products.
“I think banks have become aware of the challenge posed by fintechs. I rarely enter banking halls these days to do business.
“I recently opened a bank account through the USSD option. The beauty of the option is that it meets the needs of offline customers. You don’t need to have data to do banking business” said Peju Adeyemo, a Lagos State government official.

According to a professional services firm, KPMG, to ward off the threat of fintechs, banks must offer a more customer-oriented and digital experience.

“As organizations respond, we are starting to see patterns that differentiate digital leaders from others; models that are rooted in the experience consumers have through the digital touchpoints they interact with.

“We are seeing accelerated growth, increased engagement and buy-in with players who have intentionally invested in user experience.

“With this in mind, we conducted a series of assessments focusing on the user journey, culminating in the Digital Channels Scorecard for leading retail banks in Africa.

“We have observed that digital leaders are intentional about personalized services, reliability and 24/7 availability of digital channels, and real-time customer service.

“They are relentlessly focused on simplifying user journeys, can onboard customers end-to-end across most channels, and empower customers with strong self-service programs.

“Laggards are still struggling with convoluted and disjointed user journeys, the inability to digitally onboard customers end-to-end, unstable channels and unresponsive contact centers,” says Ademola.

“To achieve these levels of experience maturity, retail banks will need to be more intentional in product design, journey optimization, data analytics and building resilient digital channels,” Boye Ademola said. , partner and head of digital transformation at KPMG.

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Two Harbors Investment Corp. (NYSE:TWO) Receives Consensus Rating of “Hold” by Brokerages https://greguti.com/two-harbors-investment-corp-nysetwo-receives-consensus-rating-of-hold-by-brokerages/ Sat, 11 Jun 2022 06:21:44 +0000 https://greguti.com/two-harbors-investment-corp-nysetwo-receives-consensus-rating-of-hold-by-brokerages/

Two Harbors Investment Corp. (NYSE: TWO – Get a rating) has been assigned an average rating of “Hold” by the eight analysts who currently cover the stock, MarketBeat reports. Six equity research analysts rated the stock with a hold recommendation and one gave the company a buy recommendation. The 1-year average price target among brokers who have reported on the stock in the past year is $5.81.

A number of stock analysts have recently weighed in on TWO stocks. StockNews.com upgraded Two Harbors Investment from a “sell” rating to a “hold” rating in a Tuesday, May 10 research note. JPMorgan Chase & Co. lowered its price target on Two Harbors Investment from $6.50 to $5.00 and set a “neutral” rating for the company in a Monday, April 25 research note. Finally, Credit Suisse Group lowered its price target on Two Harbors Investment from $6.00 to $5.25 and set a “neutral” rating for the company in a Tuesday, March 8 research note.

Shares of TWO opened at $5.19 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt ratio of 0.44. The company has a 50-day simple moving average of $5.14 and a two-hundred-day simple moving average of $5.44. The stock has a market capitalization of $1.79 billion, a price-earnings ratio of 14.03 and a beta of 1.65. Two Harbors Investment has a 52-week low of $4.71 and a 52-week high of $8.15.

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Two Harbors Investment (NYSE: TWO – Get a rating) last released its quarterly earnings data on Wednesday, May 4. The real estate investment trust reported earnings per share of $0.18 for the quarter, missing consensus analyst estimates of $0.20 per ($0.02). The company posted revenue of $22.53 million in the quarter, compared to a consensus estimate of $27.42 million. Two Harbors Investment earned a return on equity of 16.21% and a net margin of 147.67%. The company’s revenue was down 32.5% year over year. During the same period last year, the company achieved EPS of $0.17. On average, stock analysts expect Two Harbors Investment to post 0.64 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 29. Shareholders of record on Monday, April 4 received a dividend of $0.17 per share. The ex-dividend date was Friday, April 1. This represents a dividend of $0.68 on an annualized basis and a yield of 13.10%. Two Harbors Investment’s dividend payout ratio (DPR) is currently 183.78%.

In other news, CEO William Ross Greenberg sold 34,955 shares in a trade that took place on Friday, May 20. The stock was sold at an average price of $4.99, for a total value of $174,425.45. Following the sale, the CEO now directly owns 527,005 shares of the company, valued at $2,629,754.95. The sale was disclosed in an SEC filing, available at this link. Also, CFO Mary Kathryn Riskey sold 15,114 shares in a trade that took place on Friday, May 20. The stock was sold at an average price of $4.97, for a total value of $75,116.58. Following the completion of the sale, the CFO now owns 221,223 shares of the company, valued at $1,099,478.31. Disclosure of this sale can be found here. In the past 90 days, insiders have sold 86,421 shares of the company worth $431,131. Insiders of the company hold 0.42% of the shares of the company.

Several hedge funds and other institutional investors have recently changed their holdings in the company. National Bank of Canada FI bought a new position in Two Harbors Investment during the 4th quarter at a value of $28,000. GPS Wealth Strategies Group LLC bought a new position in Two Harbors Investment during Q1 for $39,000. ML&R Wealth Management LLC bought a new position in Two Harbors Investment during Q1 worth $55,000. Satovsky Asset Management LLC bought a new position in Two Harbors Investment during Q1 worth $55,000. Finally, Sequoia Financial Advisors LLC bought a new position in Two Harbors Investment during Q1 worth $58,000. Hedge funds and other institutional investors own 68.67% of the company’s shares.

Two Harbors Investment Company Profile (Get a rating)

Two Harbors Investment Corp. operates as a real estate investment trust (REIT) that focuses on investing, funding and managing residential mortgage-backed securities (RMBS), non-agency securities, mortgage servicing rights and others financial assets in the United States. States. Its target assets include agency RMBS secured by fixed rate mortgages, adjustable rate mortgages and hybrid adjustable rate mortgages (ARMs); and other assets, such as financial and mortgage-related assets, including non-agency securities and non-hedging transactions.

Further reading

Analyst Recommendations for Two Harbors Investment (NYSE: TWO)

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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 Two Harbors Investment didn’t make the list.

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