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27700.0 | 2023-03-05 00:00:00 UTC | Validea's Top Ten Financial Stocks Based On Joel Greenblatt - 3/5/2023 | ABCB | https://www.nasdaq.com/articles/valideas-top-ten-financial-stocks-based-on-joel-greenblatt-3-5-2023 | nan | nan | The following are the top rated Financial stocks according to Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. This value model looks for companies with high return on capital and earnings yields.
ASSURANT, INC. (AIZ) is a mid-cap growth stock in the Insurance (Prop. & Casualty) industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Assurant, Inc. is a global provider of lifestyle and housing solutions that support, protect and connect major consumer purchases. The Company operates in North America, Latin America, Europe and Asia Pacific through two segments: Global Lifestyle and Global Housing. The Global Lifestyle segment provides mobile device solutions and extended service products and related services for mobile devices, consumer electronics and appliances (Connected Living); vehicle protection and related services (Global Automotive); and credit protection and other insurance products (Global Financial Services and Other). The Global Housing segment provides lender-placed homeowners insurance, lender-placed manufactured housing insurance and lender-placed flood insurance (Lender-placed Insurance); renters insurance and related products (Multifamily Housing); and voluntary manufactured housing insurance, voluntary homeowners insurance and other specialty products (Specialty and Other).
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of ASSURANT, INC.
AIZ Guru Analysis
AIZ Fundamental Analysis
ASSURED GUARANTY LTD. (AGO) is a mid-cap growth stock in the Insurance (Prop. & Casualty) industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Assured Guaranty Ltd. is a holding company. The Company, through its subsidiaries, provides credit protection products and asset management services. Its segments include Insurance and Asset Management. In the Insurance segment, the Company applies its credit underwriting judgment, risk management skills and capital markets experience primarily to offer financial guaranty insurance that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments. It markets its financial guaranty insurance directly to issuers and underwriters of public finance and structured finance securities as well as to investors in such obligations. It guarantees obligations issued principally in the United States and the United Kingdom and also guarantees obligations issued in other countries and regions, including Western Europe, Canada and Australia. Asset Management segment provides asset management services, through its subsidiary, Assured Investment Management LLC.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of ASSURED GUARANTY LTD.
AGO Guru Analysis
AGO Fundamental Analysis
VIRTUS ARTFCL INTLLGNC & TCHNLGY OPPT FD (AIO) is a small-cap growth stock in the Misc. Financial Services industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Virtus Artificial Intelligence & Technology Opportunities Fund (the Fund) is a diversified, closed-ended management investment company. The Fund seeks to generate a stable income stream and growth of capital by focusing on one of the most significant long-term secular growth opportunities in markets. The Fund invests in a growing universe of opportunities across a broad spectrum of technologies and sectors embracing the disruptive power of artificial intelligence and other new technologies. The Fund's investment advisor is Virtus Investment Advisers, Inc., and its investment subadvisor is Voya Investment Management Co. LLC.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of VIRTUS ARTFCL INTLLGNC & TCHNLGY OPPT FD
AIO Guru Analysis
AIO Fundamental Analysis
AFFIRM HOLDINGS INC (AFRM) is a mid-cap growth stock in the Consumer Financial Services industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Affirm Holdings, Inc. provides a platform for digital and mobile-first commerce. The Company's platform comprises three elements: point-of-sale payment solutions for consumers, merchant commerce solutions, and a consumer-focused app. Its point-of-sale solutions allow consumers to pay for purchases in fixed amounts without deferred interest, late fees, or penalties. Its merchant commerce solutions offer commerce enablement, demand generation, and customer acquisition tools. Its consumer-focused app provides Affirm products, which consumers can use to manage payments, open a high-yield savings account, and access a personalized marketplace. The Company's platform provides consumer and merchant features. Its consumer features include checkout, consumer borrowing, virtual card, affirm app and marketplace and Affirm debit+ card. Its merchant features include affirm at Checkout, merchant dashboard, analytics, client success support, affirm app, and returns management, among others.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of AFFIRM HOLDINGS INC
AFRM Guru Analysis
AFRM Fundamental Analysis
FEDERAL AGRICULTURAL MORTGAGE CORP (AGM) is a small-cap value stock in the Consumer Financial Services industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Federal Agricultural Mortgage Corporation is a stockholder-owned, federally chartered corporation that combines private capital and public sponsorship to serve a public purpose. It operates its secondary market activities across its two lines of business, Agricultural Finance and Rural Infrastructure Finance. Its segments include Farm & Ranch, Corporate AgFinance, Rural Utilities, Renewable Energy, Funding and Investments. Its Farm & Ranch segment includes United States Department of Agriculture (USDA) securities portfolio and farm and ranch loans. Its Corporate AgFinance segment includes loans and AgVantage securities for farming operations, agribusinesses focused on food and fiber processing, and other supply chain production. The Renewable Energy segment includes loans to rural electric solar and wind energy projects. Its Rural Utilities segment includes loans to rural electric generation and transmission cooperatives, distribution cooperatives and telecommunications providers.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of FEDERAL AGRICULTURAL MORTGAGE CORP
AGM Guru Analysis
AGM Fundamental Analysis
AMERICAN FINANCIAL GROUP INC (AFG) is a large-cap value stock in the Insurance (Prop. & Casualty) industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: American Financial Group, Inc. is an insurance holding company. The Company's property and casualty insurance operations provide a wide range of commercial coverages through approximately 35 insurance businesses, which make up the Great American Insurance Group. The Company is engaged in property and casualty insurance, focusing on specialized commercial products for businesses. Its in-house team of investment professionals oversees the Company's investment portfolio. It operates through three segments: Property and Transportation, Specialty Casualty, and Specialty Financial. Its Property and Transportation includes Agricultural-Related; Commercial Automobile; And Property, Inland Marine and Ocean Marine. Its Specialty Casualty segment includes Excess and Surplus, Executive and Professional Liability, General Liability, Targeted Programs, Umbrella and Excess Liability, and Workers' Compensation. Its Specialty Financial segment includes Fidelity and Surety, and Lease and Loan Services.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of AMERICAN FINANCIAL GROUP INC
AFG Guru Analysis
AFG Fundamental Analysis
ARES COMMERCIAL REAL ESTATE CORP (ACRE) is a small-cap growth stock in the Consumer Financial Services industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Ares Commercial Real Estate Corporation is a specialty finance company. The Company is primarily engaged in originating and investing in commercial real estate (CRE) loans and related investments. The Company operates through its segment, which is primarily focused on directly originating and managing a diversified portfolio of CRE debt-related investments for the Company's own account. The Company's target investments include senior mortgage loans, subordinated debt, preferred equity, mezzanine loans and other CRE investments, including commercial mortgage-backed securities. These investments are generally held for investment and are secured, directly or indirectly, by office, multifamily, retail, industrial, lodging, self-storage, student housing, residential, and other commercial real estate properties, or by ownership interests therein. The Company's portfolio is externally managed by Ares Commercial Real Estate Management LLC (the Manager).
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of ARES COMMERCIAL REAL ESTATE CORP
ACRE Guru Analysis
ACRE Fundamental Analysis
AEGON N.V. (ADR) (AEG) is a large-cap growth stock in the Insurance (Life) industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Aegon N.V. (Aegon) is an international life insurance, pensions and asset management company. The Company's segments include the Americas, which includes the United States, Mexico and Brazil; the Netherlands; the United Kingdom; Central & Eastern Europe; Spain & Portugal; Asia, and Aegon Asset Management. It offers protection against mortality, morbidity and longevity risks, including traditional and universal life. It offers products with mortality, morbidity, and longevity risks, including traditional and universal life; mortgages; annuity products, and banking products. It offers individual protection products, such as annuities, term insurance, income protection and international/offshore bonds. It has activities in Hungary, Poland, Romania and Turkey. It offers life insurance marketed to high-net-worth individuals in Hong Kong and Singapore. It also offers investment products covering third-party customers, insurance-linked solutions.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of AEGON N.V. (ADR)
AEG Guru Analysis
AEG Fundamental Analysis
ACI WORLDWIDE INC (ACIW) is a mid-cap growth stock in the Consumer Financial Services industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: ACI Worldwide, Inc. develops, markets, installs, and supports a line of software products and solutions primarily focused on facilitating real-time digital payments. Its segments include ACI On Demand serves the needs of banks, merchants, and billers. These on-demand solutions are maintained and delivered through the cloud via its global data centers and is available in either a single-tenant environment for software as a service (SaaS) offering, or in a multi-tenant environment for platform as a service (PaaS) offerings; and ACI On Premise serves customers who manage their software on site or through a third-party public cloud environment. Its solutions include ACI Acquiring, ACI Issuing, ACI Enterprise Payments Platform, ACI Low Value Real-Time Payments, ACI High Value Real-Time Payments, ACI Omni Commerce, ACI Secure eCommerce, ACI Fraud Management, and ACI Speedpay. The Company offers implementation, product support, technical, and education services.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of ACI WORLDWIDE INC
ACIW Guru Analysis
ACIW Fundamental Analysis
AMERIS BANCORP (ABCB) is a mid-cap value stock in the Money Center Banks industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Ameris Bancorp is a bank holding company of Ameris Bank (the Bank). The Bank provides a full range of banking services to its retail and commercial customers in approximately 165 locations in Georgia, Alabama, Florida, North Carolina and South Carolina. It has five segments. The Banking Division provides full financial services, including commercial loans, consumer loans and deposit accounts. The Retail Mortgage Division is engaged in origination, sales and servicing of one-to-four family residential mortgage loans. The Warehouse Lending Division is engaged in the origination and servicing of warehouse lines to other businesses, which are secured by underlying one-to-four family residential mortgage loans and residential mortgage servicing rights. The SBA Division is engaged in the origination, sales and servicing of small business administration loans. The Premium Finance Division is engaged in the origination and servicing of commercial insurance premium finance loans.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of AMERIS BANCORP
ABCB Guru Analysis
ABCB Fundamental Analysis
Joel Greenblatt Portfolio
Top Joel Greenblatt Stocks
About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. The "Magic Formula," as he called it, produced back-tested returns of 30.8 percent per year from 1988 through 2004, more than doubling the S&P 500's 12.4 percent return during that time. Greenblatt also produced exceptional returns as managing partner at Gotham Capital, a New York City-based hedge fund he founded. The firm averaged a remarkable 40 percent annualized return over more than two decades.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Detailed Analysis of ACI WORLDWIDE INC ACIW Guru Analysis ACIW Fundamental Analysis AMERIS BANCORP (ABCB) is a mid-cap value stock in the Money Center Banks industry. Detailed Analysis of AMERIS BANCORP ABCB Guru Analysis ABCB Fundamental Analysis Joel Greenblatt Portfolio Top Joel Greenblatt Stocks About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. Its Corporate AgFinance segment includes loans and AgVantage securities for farming operations, agribusinesses focused on food and fiber processing, and other supply chain production. | Detailed Analysis of ACI WORLDWIDE INC ACIW Guru Analysis ACIW Fundamental Analysis AMERIS BANCORP (ABCB) is a mid-cap value stock in the Money Center Banks industry. Detailed Analysis of AMERIS BANCORP ABCB Guru Analysis ABCB Fundamental Analysis Joel Greenblatt Portfolio Top Joel Greenblatt Stocks About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. The Global Housing segment provides lender-placed homeowners insurance, lender-placed manufactured housing insurance and lender-placed flood insurance (Lender-placed Insurance); renters insurance and related products (Multifamily Housing); and voluntary manufactured housing insurance, voluntary homeowners insurance and other specialty products (Specialty and Other). | Detailed Analysis of AMERIS BANCORP ABCB Guru Analysis ABCB Fundamental Analysis Joel Greenblatt Portfolio Top Joel Greenblatt Stocks About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. Detailed Analysis of ACI WORLDWIDE INC ACIW Guru Analysis ACIW Fundamental Analysis AMERIS BANCORP (ABCB) is a mid-cap value stock in the Money Center Banks industry. The Global Lifestyle segment provides mobile device solutions and extended service products and related services for mobile devices, consumer electronics and appliances (Connected Living); vehicle protection and related services (Global Automotive); and credit protection and other insurance products (Global Financial Services and Other). | Detailed Analysis of AMERIS BANCORP ABCB Guru Analysis ABCB Fundamental Analysis Joel Greenblatt Portfolio Top Joel Greenblatt Stocks About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. Detailed Analysis of ACI WORLDWIDE INC ACIW Guru Analysis ACIW Fundamental Analysis AMERIS BANCORP (ABCB) is a mid-cap value stock in the Money Center Banks industry. The following are the top rated Financial stocks according to Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. |
27701.0 | 2023-02-06 00:00:00 UTC | Wellington Management Group Llp Increases Position in Ameris Bancorp (ABCB) | ABCB | https://www.nasdaq.com/articles/wellington-management-group-llp-increases-position-in-ameris-bancorp-abcb | nan | nan | Fintel reports that Wellington Management Group Llp has filed a 13G/A form with the SEC disclosing ownership of 6.10MM shares of Ameris Bancorp (ABCB). This represents 8.8% of the company.
In their previous filing dated February 4, 2022 they reported 4.84MM shares and 6.95% of the company, an increase in shares of 26.01% and an increase in total ownership of 1.85% (calculated as current - previous percent ownership).
Analyst Price Forecast Suggests 22.37% Upside
As of February 6, 2023, the average one-year price target for Ameris Bancorp is $61.40. The forecasts range from a low of $56.56 to a high of $66.15. The average price target represents an increase of 22.37% from its latest reported closing price of $50.18.
The projected annual revenue for Ameris Bancorp is $1,180MM, an increase of 16.39%. The projected annual EPS is $5.49, an increase of 9.56%.
Fund Sentiment
There are 630 funds or institutions reporting positions in Ameris Bancorp. This is a decrease of 15 owner(s) or 2.33%.
Average portfolio weight of all funds dedicated to US:ABCB is 0.2698%, an increase of 8.5545%. Total shares owned by institutions increased in the last three months by 0.43% to 73,131K shares.
What are large shareholders doing?
IJR - iShares Core S&P Small-Cap ETF holds 4,751,262 shares representing 6.87% ownership of the company. In it's prior filing, the firm reported owning 4,586,231 shares, representing an increase of 3.47%. The firm increased its portfolio allocation in ABCB by 17.00% over the last quarter.
American Century Companies holds 2,333,917 shares representing 3.38% ownership of the company. In it's prior filing, the firm reported owning 2,287,708 shares, representing an increase of 1.98%. The firm increased its portfolio allocation in ABCB by 22.14% over the last quarter.
Principal Financial Group holds 2,128,409 shares representing 3.08% ownership of the company. In it's prior filing, the firm reported owning 2,084,654 shares, representing an increase of 2.06%. The firm increased its portfolio allocation in ABCB by 22.03% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,991,406 shares representing 2.88% ownership of the company. In it's prior filing, the firm reported owning 1,949,890 shares, representing an increase of 2.08%. The firm increased its portfolio allocation in ABCB by 18.46% over the last quarter.
Janus Henderson Group holds 1,783,669 shares representing 2.58% ownership of the company. In it's prior filing, the firm reported owning 1,833,140 shares, representing a decrease of 2.77%. The firm increased its portfolio allocation in ABCB by 17.65% over the last quarter.
Ameris Bancorp Declares $0.15 Dividend
Ameris Bancorp said on September 7, 2022 that its board of directors declared a regular quarterly dividend of $0.15 per share ($0.60 annualized). Shareholders of record as of September 29, 2022 received the payment on October 10, 2022. Previously, the company paid $0.15 per share.
At the current share price of $50.18 / share, the stock's dividend yield is 1.20%. Looking back five years and taking a sample every week, the average dividend yield has been 1.35%, the lowest has been 0.69%, and the highest has been 3.17%. The standard deviation of yields is 0.53 (n=237).
The current dividend yield is 0.30 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.12. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company has not increased its dividend in the last three years.
Ameris Bancorp Background Information
(This description is provided by the company.)
Ameris Bancorp is a bank holding company headquartered in Atlanta, Georgia. The Company's banking subsidiary, Ameris Bank, had 164 locations in Georgia, Florida, South Carolina and Alabama at the end of the most recent quarter.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Fintel reports that Wellington Management Group Llp has filed a 13G/A form with the SEC disclosing ownership of 6.10MM shares of Ameris Bancorp (ABCB). Average portfolio weight of all funds dedicated to US:ABCB is 0.2698%, an increase of 8.5545%. The firm increased its portfolio allocation in ABCB by 17.00% over the last quarter. | Fintel reports that Wellington Management Group Llp has filed a 13G/A form with the SEC disclosing ownership of 6.10MM shares of Ameris Bancorp (ABCB). Average portfolio weight of all funds dedicated to US:ABCB is 0.2698%, an increase of 8.5545%. The firm increased its portfolio allocation in ABCB by 17.00% over the last quarter. | Fintel reports that Wellington Management Group Llp has filed a 13G/A form with the SEC disclosing ownership of 6.10MM shares of Ameris Bancorp (ABCB). Average portfolio weight of all funds dedicated to US:ABCB is 0.2698%, an increase of 8.5545%. The firm increased its portfolio allocation in ABCB by 17.00% over the last quarter. | Fintel reports that Wellington Management Group Llp has filed a 13G/A form with the SEC disclosing ownership of 6.10MM shares of Ameris Bancorp (ABCB). Average portfolio weight of all funds dedicated to US:ABCB is 0.2698%, an increase of 8.5545%. The firm increased its portfolio allocation in ABCB by 17.00% over the last quarter. |
27702.0 | 2023-01-26 00:00:00 UTC | Ameris Bancorp (ABCB) Lags Q4 Earnings and Revenue Estimates | ABCB | https://www.nasdaq.com/articles/ameris-bancorp-abcb-lags-q4-earnings-and-revenue-estimates | nan | nan | Ameris Bancorp (ABCB) came out with quarterly earnings of $1.17 per share, missing the Zacks Consensus Estimate of $1.34 per share. This compares to earnings of $1.17 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -12.69%. A quarter ago, it was expected that this bank would post earnings of $1.34 per share when it actually produced earnings of $1.32, delivering a surprise of -1.49%.
Over the last four quarters, the company has not been able to surpass consensus EPS estimates.
Ameris Bancorp, which belongs to the Zacks Banks - Southeast industry, posted revenues of $272.49 million for the quarter ended December 2022, missing the Zacks Consensus Estimate by 2.81%. This compares to year-ago revenues of $248.61 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Ameris Bancorp shares have added about 0.9% since the beginning of the year versus the S&P 500's gain of 4.6%.
What's Next for Ameris Bancorp?
While Ameris Bancorp has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Ameris Bancorp: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.31 on $277.29 million in revenues for the coming quarter and $5.37 on $1.15 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southeast is currently in the bottom 29% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the broader Zacks Finance sector, Hannon Armstrong (HASI), is yet to report results for the quarter ended December 2022.
This provider of financing for sustainable infrastructure projects is expected to post quarterly earnings of $0.48 per share in its upcoming report, which represents a year-over-year change of +2.1%. The consensus EPS estimate for the quarter has been revised 4.6% lower over the last 30 days to the current level.
Hannon Armstrong's revenues are expected to be $32 million, up 4.8% from the year-ago quarter.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ameris Bancorp (ABCB) came out with quarterly earnings of $1.17 per share, missing the Zacks Consensus Estimate of $1.34 per share. Click to get this free report Ameris Bancorp (ABCB) : Free Stock Analysis Report Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) : Free Stock Analysis Report To read this article on Zacks.com click here. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. | Ameris Bancorp (ABCB) came out with quarterly earnings of $1.17 per share, missing the Zacks Consensus Estimate of $1.34 per share. Click to get this free report Ameris Bancorp (ABCB) : Free Stock Analysis Report Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) : Free Stock Analysis Report To read this article on Zacks.com click here. Ameris Bancorp, which belongs to the Zacks Banks - Southeast industry, posted revenues of $272.49 million for the quarter ended December 2022, missing the Zacks Consensus Estimate by 2.81%. | Ameris Bancorp (ABCB) came out with quarterly earnings of $1.17 per share, missing the Zacks Consensus Estimate of $1.34 per share. Click to get this free report Ameris Bancorp (ABCB) : Free Stock Analysis Report Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) : Free Stock Analysis Report To read this article on Zacks.com click here. Ameris Bancorp, which belongs to the Zacks Banks - Southeast industry, posted revenues of $272.49 million for the quarter ended December 2022, missing the Zacks Consensus Estimate by 2.81%. | Ameris Bancorp (ABCB) came out with quarterly earnings of $1.17 per share, missing the Zacks Consensus Estimate of $1.34 per share. Click to get this free report Ameris Bancorp (ABCB) : Free Stock Analysis Report Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) : Free Stock Analysis Report To read this article on Zacks.com click here. While Ameris Bancorp has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? |
27703.0 | 2023-01-08 00:00:00 UTC | Validea's Top Ten Financial Stocks Based On Joel Greenblatt - 1/8/2023 | ABCB | https://www.nasdaq.com/articles/valideas-top-ten-financial-stocks-based-on-joel-greenblatt-1-8-2023 | nan | nan | The following are the top rated Financial stocks according to Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. This value model looks for companies with high return on capital and earnings yields.
FEDERAL AGRICULTURAL MORTGAGE CORP. (AGM) is a small-cap value stock in the Consumer Financial Services industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Federal Agricultural Mortgage Corporation is a stockholder-owned, federally chartered corporation that combines private capital and public sponsorship to serve a public purpose. It operates its secondary market activities across its two lines of business, Agricultural Finance and Rural Infrastructure Finance. Its segments include Farm & Ranch, Corporate AgFinance, Rural Utilities, Renewable Energy, Funding and Investments. Its Farm & Ranch segment includes United States Department of Agriculture (USDA) securities portfolio and farm and ranch loans. Its Corporate AgFinance segment includes loans and AgVantage securities for farming operations, agribusinesses focused on food and fiber processing, and other supply chain production. The Renewable Energy segment includes loans to rural electric solar and wind energy projects. Its Rural Utilities segment includes loans to rural electric generation and transmission cooperatives, distribution cooperatives and telecommunications providers.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of FEDERAL AGRICULTURAL MORTGAGE CORP.
AGM Guru Analysis
AGM Fundamental Analysis
AFFIRM HOLDINGS INC (AFRM) is a mid-cap value stock in the Consumer Financial Services industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Affirm Holdings, Inc. provides a platform for digital and mobile-first commerce. The Company's platform comprises three elements: point-of-sale payment solutions for consumers, merchant commerce solutions, and a consumer-focused app. Its point-of-sale solutions allow consumers to pay for purchases in fixed amounts without deferred interest, late fees, or penalties. Its merchant commerce solutions offer commerce enablement, demand generation, and customer acquisition tools. Its consumer-focused app provides Affirm products, which consumers can use to manage payments, open a high-yield savings account, and access a personalized marketplace. The Company's platform provides consumer and merchant features. Its consumer features include checkout, consumer borrowing, virtual card, affirm app and marketplace and Affirm debit+ card. Its merchant features include affirm at Checkout, merchant dashboard, analytics, client success support, affirm app, and returns management, among others.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of AFFIRM HOLDINGS INC
AFRM Guru Analysis
AFRM Fundamental Analysis
AFLAC INCORPORATED (AFL) is a large-cap value stock in the Insurance (Accident & Health) industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Aflac Incorporated is a holding company engaged in the supplemental health and life insurance business. The Company's insurance business is marketed and administered through, American Family Life Assurance Company of Columbus (Aflac) in the United States and through Aflac Life Insurance Japan Ltd. (ALIJ) in Japan. The Company's segments include Aflac Japan and Aflac U.S. Aflac Japan is designed to help consumers pay for medical and non-medical costs that are not reimbursed under Japan's national health insurance system. It offers insurance products, such as cancer, medical, and income support insurance. Its protection products include Medical Insurance, Nursing Care Insurance, Income Support Insurance, whole life, GIFT, WAYS and Child Endowment. The Company designs the United States insurance products to provide supplemental coverage for people having medical or primary insurance coverage. Aflac U.S. products are distributed in the individual and group supplemental insurance markets.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of AFLAC INCORPORATED
AFL Guru Analysis
AFL Fundamental Analysis
AMERICAN FINANCIAL GROUP INC (AFG) is a large-cap value stock in the Insurance (Prop. & Casualty) industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: American Financial Group, Inc. is an insurance holding company. The Company's property and casualty insurance operations provide a wide range of commercial coverages through approximately 35 insurance businesses, which make up the Great American Insurance Group. The Company is engaged in property and casualty insurance, focusing on specialized commercial products for businesses. Its in-house team of investment professionals oversees the Company's investment portfolio. It operates through three segments: Property and Transportation, Specialty Casualty, and Specialty Financial. Its Property and Transportation includes Agricultural-Related; Commercial Automobile; And Property, Inland Marine and Ocean Marine. Its Specialty Casualty segment includes Excess and Surplus, Executive and Professional Liability, General Liability, Targeted Programs, Umbrella and Excess Liability, and Workers' Compensation. Its Specialty Financial segment includes Fidelity and Surety, and Lease and Loan Services.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of AMERICAN FINANCIAL GROUP INC
AFG Guru Analysis
AFG Fundamental Analysis
AMERICAN EQUITY INVESTMENT LIFE HOLDING (AEL) is a mid-cap value stock in the Insurance (Life) industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: American Equity Investment Life Holding Company is engaged in the development and sale of fixed index and fixed rate annuity products. The Company issues fixed annuity products through its life insurance subsidiaries, American Equity Investment Life Insurance Company (American Equity Life), American Equity Investment Life Insurance Company of New York (American Equity Life of New York) and Eagle Life Insurance Company (Eagle Life). Its product types include fixed index annuities, annual reset fixed rate annuities, multi-year fixed-rate annuities and single premium immediate annuities. The Company markets its products through a variable cost distribution network, including independent agents through independent marketing organizations (IMOs), broker/dealers, banks and registered investment advisors. Its financing receivables consist of three mortgage loan portfolio segments: commercial mortgage loans, agricultural mortgage loans and residential mortgage loans.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of AMERICAN EQUITY INVESTMENT LIFE HOLDING
AEL Guru Analysis
AEL Fundamental Analysis
AEGON N.V. (ADR) (AEG) is a large-cap growth stock in the Insurance (Life) industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Aegon N.V. (Aegon) is an international life insurance, pensions and asset management company. The Company's segments include the Americas, which includes the United States, Mexico and Brazil; the Netherlands; the United Kingdom; Central & Eastern Europe; Spain & Portugal; Asia, and Aegon Asset Management. It offers protection against mortality, morbidity and longevity risks, including traditional and universal life. It offers products with mortality, morbidity, and longevity risks, including traditional and universal life; mortgages; annuity products, and banking products. It offers individual protection products, such as annuities, term insurance, income protection and international/offshore bonds. It has activities in Hungary, Poland, Romania and Turkey. It offers life insurance marketed to high-net-worth individuals in Hong Kong and Singapore. It also offers investment products covering third-party customers, insurance-linked solutions.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of AEGON N.V. (ADR)
AEG Guru Analysis
AEG Fundamental Analysis
ARES COMMERCIAL REAL ESTATE CORP (ACRE) is a small-cap value stock in the Consumer Financial Services industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Ares Commercial Real Estate Corporation is a specialty finance company. The Company is primarily engaged in originating and investing in commercial real estate loans and related investments. The Company operates through an operating segment primarily focused on directly originating and managing a diversified portfolio of commercial real estate (CRE) debt-related investments for the Company's own account. The Company's investments include senior mortgage loans, subordinated debt, preferred equity, mezzanine loans and other CRE investments, including commercial mortgage-backed securities. These investments are generally held for investment and are secured, directly or indirectly, by office, multifamily, retail, industrial, lodging, self-storage, student housing, residential and other commercial real estate properties, or by ownership interests therein. The Company's portfolio is externally managed by Ares Commercial Real Estate Management LLC (the Manager).
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of ARES COMMERCIAL REAL ESTATE CORP
ACRE Guru Analysis
ACRE Fundamental Analysis
ACI WORLDWIDE INC (ACIW) is a mid-cap growth stock in the Consumer Financial Services industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: ACI Worldwide, Inc. develops, markets, installs, and supports a line of software products and solutions primarily focused on facilitating real-time digital payments. Its segments include ACI On Demand serves the needs of banks, merchants, and billers. These on-demand solutions are maintained and delivered through the cloud via its global data centers and is available in either a single-tenant environment for software as a service (SaaS) offering, or in a multi-tenant environment for platform as a service (PaaS) offerings; and ACI On Premise serves customers who manage their software on site or through a third-party public cloud environment. Its solutions include ACI Acquiring, ACI Issuing, ACI Enterprise Payments Platform, ACI Low Value Real-Time Payments, ACI High Value Real-Time Payments, ACI Omni Commerce, ACI Secure eCommerce, ACI Fraud Management, and ACI Speedpay. The Company offers implementation, product support, technical, and education services.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of ACI WORLDWIDE INC
ACIW Guru Analysis
ACIW Fundamental Analysis
ARCH CAPITAL GROUP LTD. (ACGL) is a large-cap growth stock in the Insurance (Prop. & Casualty) industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Arch Capital Group Ltd. is a Bermuda-based company that provides insurance, reinsurance and mortgage insurance through its wholly owned subsidiaries. Its insurance segment consists of the Company's insurance underwriting units, which offer specialty product lines, including construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other (consisting of alternative markets, excess workers' compensation and surety business). The reinsurance segment consists of the Company's reinsurance underwriting units, which offer specialty product lines, including casualty; marine and aviation; other specialty; property catastrophe; property excluding property catastrophe, and other. The mortgage segment includes the Company's United States primary mortgage insurance business, investment and services related to United States credit-risk transfer (CRT).
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of ARCH CAPITAL GROUP LTD.
ACGL Guru Analysis
ACGL Fundamental Analysis
AMERIS BANCORP (ABCB) is a mid-cap value stock in the Money Center Banks industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Ameris Bancorp is a bank holding company of Ameris Bank (the Bank). The Bank provides a full range of banking services to its retail and commercial customers in approximately 165 locations in Georgia, Alabama, Florida, North Carolina and South Carolina. It has five segments. The Banking Division provides full financial services, including commercial loans, consumer loans and deposit accounts. The Retail Mortgage Division is engaged in origination, sales and servicing of one-to-four family residential mortgage loans. The Warehouse Lending Division is engaged in the origination and servicing of warehouse lines to other businesses, which are secured by underlying one-to-four family residential mortgage loans and residential mortgage servicing rights. The SBA Division is engaged in the origination, sales and servicing of small business administration loans. The Premium Finance Division is engaged in the origination and servicing of commercial insurance premium finance loans.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of AMERIS BANCORP
ABCB Guru Analysis
ABCB Fundamental Analysis
Joel Greenblatt Portfolio
Top Joel Greenblatt Stocks
About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. The "Magic Formula," as he called it, produced back-tested returns of 30.8 percent per year from 1988 through 2004, more than doubling the S&P 500's 12.4 percent return during that time. Greenblatt also produced exceptional returns as managing partner at Gotham Capital, a New York City-based hedge fund he founded. The firm averaged a remarkable 40 percent annualized return over more than two decades.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Detailed Analysis of ARCH CAPITAL GROUP LTD. ACGL Guru Analysis ACGL Fundamental Analysis AMERIS BANCORP (ABCB) is a mid-cap value stock in the Money Center Banks industry. Detailed Analysis of AMERIS BANCORP ABCB Guru Analysis ABCB Fundamental Analysis Joel Greenblatt Portfolio Top Joel Greenblatt Stocks About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. Its Corporate AgFinance segment includes loans and AgVantage securities for farming operations, agribusinesses focused on food and fiber processing, and other supply chain production. | Detailed Analysis of ARCH CAPITAL GROUP LTD. ACGL Guru Analysis ACGL Fundamental Analysis AMERIS BANCORP (ABCB) is a mid-cap value stock in the Money Center Banks industry. Detailed Analysis of AMERIS BANCORP ABCB Guru Analysis ABCB Fundamental Analysis Joel Greenblatt Portfolio Top Joel Greenblatt Stocks About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. The Company issues fixed annuity products through its life insurance subsidiaries, American Equity Investment Life Insurance Company (American Equity Life), American Equity Investment Life Insurance Company of New York (American Equity Life of New York) and Eagle Life Insurance Company (Eagle Life). | Detailed Analysis of ARCH CAPITAL GROUP LTD. ACGL Guru Analysis ACGL Fundamental Analysis AMERIS BANCORP (ABCB) is a mid-cap value stock in the Money Center Banks industry. Detailed Analysis of AMERIS BANCORP ABCB Guru Analysis ABCB Fundamental Analysis Joel Greenblatt Portfolio Top Joel Greenblatt Stocks About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. Detailed Analysis of AMERICAN FINANCIAL GROUP INC AFG Guru Analysis AFG Fundamental Analysis AMERICAN EQUITY INVESTMENT LIFE HOLDING (AEL) is a mid-cap value stock in the Insurance (Life) industry. | Detailed Analysis of AMERIS BANCORP ABCB Guru Analysis ABCB Fundamental Analysis Joel Greenblatt Portfolio Top Joel Greenblatt Stocks About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. Detailed Analysis of ARCH CAPITAL GROUP LTD. ACGL Guru Analysis ACGL Fundamental Analysis AMERIS BANCORP (ABCB) is a mid-cap value stock in the Money Center Banks industry. Company Description: American Equity Investment Life Holding Company is engaged in the development and sale of fixed index and fixed rate annuity products. |
27704.0 | 2022-12-27 00:00:00 UTC | Ex-Dividend Reminder: BancFirst, Ameris Bancorp and Acadia Realty Trust | ABCB | https://www.nasdaq.com/articles/ex-dividend-reminder%3A-bancfirst-ameris-bancorp-and-acadia-realty-trust | nan | nan | Looking at the universe of stocks we cover at Dividend Channel, on 12/29/22, BancFirst Corp. (Symbol: BANF), Ameris Bancorp (Symbol: ABCB), and Acadia Realty Trust (Symbol: AKR) will all trade ex-dividend for their respective upcoming dividends. BancFirst Corp. will pay its quarterly dividend of $0.40 on 1/16/23, Ameris Bancorp will pay its quarterly dividend of $0.15 on 1/9/23, and Acadia Realty Trust will pay its quarterly dividend of $0.18 on 1/13/23. As a percentage of BANF's recent stock price of $88.11, this dividend works out to approximately 0.45%, so look for shares of BancFirst Corp. to trade 0.45% lower — all else being equal — when BANF shares open for trading on 12/29/22. Similarly, investors should look for ABCB to open 0.31% lower in price and for AKR to open 1.26% lower, all else being equal.
Below are dividend history charts for BANF, ABCB, and AKR, showing historical dividends prior to the most recent ones declared.
BancFirst Corp. (Symbol: BANF):
Ameris Bancorp (Symbol: ABCB):
Acadia Realty Trust (Symbol: AKR):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 1.82% for BancFirst Corp., 1.26% for Ameris Bancorp, and 5.04% for Acadia Realty Trust.
In Tuesday trading, BancFirst Corp. shares are currently down about 0.5%, Ameris Bancorp shares are down about 0.2%, and Acadia Realty Trust shares are down about 0.1% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Looking at the universe of stocks we cover at Dividend Channel, on 12/29/22, BancFirst Corp. (Symbol: BANF), Ameris Bancorp (Symbol: ABCB), and Acadia Realty Trust (Symbol: AKR) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for ABCB to open 0.31% lower in price and for AKR to open 1.26% lower, all else being equal. Below are dividend history charts for BANF, ABCB, and AKR, showing historical dividends prior to the most recent ones declared. | Looking at the universe of stocks we cover at Dividend Channel, on 12/29/22, BancFirst Corp. (Symbol: BANF), Ameris Bancorp (Symbol: ABCB), and Acadia Realty Trust (Symbol: AKR) will all trade ex-dividend for their respective upcoming dividends. BancFirst Corp. (Symbol: BANF): Ameris Bancorp (Symbol: ABCB): Acadia Realty Trust (Symbol: AKR): In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for ABCB to open 0.31% lower in price and for AKR to open 1.26% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel, on 12/29/22, BancFirst Corp. (Symbol: BANF), Ameris Bancorp (Symbol: ABCB), and Acadia Realty Trust (Symbol: AKR) will all trade ex-dividend for their respective upcoming dividends. BancFirst Corp. (Symbol: BANF): Ameris Bancorp (Symbol: ABCB): Acadia Realty Trust (Symbol: AKR): In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for ABCB to open 0.31% lower in price and for AKR to open 1.26% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel, on 12/29/22, BancFirst Corp. (Symbol: BANF), Ameris Bancorp (Symbol: ABCB), and Acadia Realty Trust (Symbol: AKR) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for ABCB to open 0.31% lower in price and for AKR to open 1.26% lower, all else being equal. Below are dividend history charts for BANF, ABCB, and AKR, showing historical dividends prior to the most recent ones declared. |
27705.0 | 2022-12-16 00:00:00 UTC | ABCB Crosses Below Key Moving Average Level | ABCB | https://www.nasdaq.com/articles/abcb-crosses-below-key-moving-average-level | nan | nan | In trading on Friday, shares of Ameris Bancorp (Symbol: ABCB) crossed below their 200 day moving average of $46.08, changing hands as low as $46.07 per share. Ameris Bancorp shares are currently trading off about 1.5% on the day. The chart below shows the one year performance of ABCB shares, versus its 200 day moving average:
Looking at the chart above, ABCB's low point in its 52 week range is $38.22 per share, with $55.62 as the 52 week high point — that compares with a last trade of $46.08.
Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average »
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Friday, shares of Ameris Bancorp (Symbol: ABCB) crossed below their 200 day moving average of $46.08, changing hands as low as $46.07 per share. The chart below shows the one year performance of ABCB shares, versus its 200 day moving average: Looking at the chart above, ABCB's low point in its 52 week range is $38.22 per share, with $55.62 as the 52 week high point — that compares with a last trade of $46.08. Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average » Also see: Auto Manufacturers Dividend Stocks | In trading on Friday, shares of Ameris Bancorp (Symbol: ABCB) crossed below their 200 day moving average of $46.08, changing hands as low as $46.07 per share. The chart below shows the one year performance of ABCB shares, versus its 200 day moving average: Looking at the chart above, ABCB's low point in its 52 week range is $38.22 per share, with $55.62 as the 52 week high point — that compares with a last trade of $46.08. Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average » Also see: Auto Manufacturers Dividend Stocks | In trading on Friday, shares of Ameris Bancorp (Symbol: ABCB) crossed below their 200 day moving average of $46.08, changing hands as low as $46.07 per share. The chart below shows the one year performance of ABCB shares, versus its 200 day moving average: Looking at the chart above, ABCB's low point in its 52 week range is $38.22 per share, with $55.62 as the 52 week high point — that compares with a last trade of $46.08. FHB Videos The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Friday, shares of Ameris Bancorp (Symbol: ABCB) crossed below their 200 day moving average of $46.08, changing hands as low as $46.07 per share. The chart below shows the one year performance of ABCB shares, versus its 200 day moving average: Looking at the chart above, ABCB's low point in its 52 week range is $38.22 per share, with $55.62 as the 52 week high point — that compares with a last trade of $46.08. Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average » Also see: Auto Manufacturers Dividend Stocks |
27706.0 | 2022-12-14 00:00:00 UTC | Ameris Bancorp Enters Oversold Territory | ABCB | https://www.nasdaq.com/articles/ameris-bancorp-enters-oversold-territory | nan | nan | The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. Ameris Bancorp (Symbol: ABCB) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.
But making Ameris Bancorp an even more interesting and timely stock to look at, is the fact that in trading on Wednesday, shares of ABCB entered into oversold territory, changing hands as low as $47.65 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of Ameris Bancorp, the RSI reading has hit 28.5 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 49.0. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. Indeed, ABCB's recent annualized dividend of 0.6/share (currently paid in quarterly installments) works out to an annual yield of 1.22% based upon the recent $49.06 share price.
A bullish investor could look at ABCB's 28.5 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on ABCB is its dividend history. In general, dividends are not always predictable; but, looking at the history chart below can help in judging whether the most recent dividend is likely to continue.
Click here to find out what 9 other oversold dividend stocks you need to know about »
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Funds Holding TEGS
Top Ten Hedge Funds Holding AEF
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | A bullish investor could look at ABCB's 28.5 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Ameris Bancorp (Symbol: ABCB) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making Ameris Bancorp an even more interesting and timely stock to look at, is the fact that in trading on Wednesday, shares of ABCB entered into oversold territory, changing hands as low as $47.65 per share. | Indeed, ABCB's recent annualized dividend of 0.6/share (currently paid in quarterly installments) works out to an annual yield of 1.22% based upon the recent $49.06 share price. Ameris Bancorp (Symbol: ABCB) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making Ameris Bancorp an even more interesting and timely stock to look at, is the fact that in trading on Wednesday, shares of ABCB entered into oversold territory, changing hands as low as $47.65 per share. | Ameris Bancorp (Symbol: ABCB) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making Ameris Bancorp an even more interesting and timely stock to look at, is the fact that in trading on Wednesday, shares of ABCB entered into oversold territory, changing hands as low as $47.65 per share. Indeed, ABCB's recent annualized dividend of 0.6/share (currently paid in quarterly installments) works out to an annual yield of 1.22% based upon the recent $49.06 share price. | Ameris Bancorp (Symbol: ABCB) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on ABCB is its dividend history. But making Ameris Bancorp an even more interesting and timely stock to look at, is the fact that in trading on Wednesday, shares of ABCB entered into oversold territory, changing hands as low as $47.65 per share. |
27707.0 | 2022-11-22 00:00:00 UTC | Dubai Islamic Bank sells $750 million in debut sustainable sukuk | ABCB | https://www.nasdaq.com/articles/dubai-islamic-bank-sells-%24750-million-in-debut-sustainable-sukuk | nan | nan | Updates with size, launch, demand, final spread
DUBAI, Nov 22 (Reuters) - Dubai Islamic Bank DISB.DU sold $750 million of its debut sustainable Islamic bond on Tuesday, a bank document showed.
The sukuk, which mature in five years, were sold at 155 basis points (bps) over U.S. Treasuries, tightened from initial guidance of around 175 bps over after demand topped $1.6 billion, the document showed.
Bank ABC ABCB.BH, Dubai Islamic Bank, Emirates NBD Capital ENBD.DU, First Abu Dhabi Bank FAB.AD, KFH Capital KFH.KW, HSBC HSBA.L, Sharjah Islamic Bank SIB.AD and Standard Chartered STAN.L are arranging the debt sale.
The deal comes as issuers in the Gulf - where international bond sales have plummeted this year amid enduring volatility and rising rates - pounce on windows of opportunity to issue debt in choppy markets.
Dubai's Mashreq raised $500 million in Tier 2 bonds last Thursday, on the heels of a $700 million bond sale by Banque Saudi Fransi a day before.
(Reporting by Yousef Saba; Editing by Christopher Cushing, Kirsten Donovan)
((Yousef.Saba@thomsonreuters.com; +971562166204; https://twitter.com/YousefSaba))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Bank ABC ABCB.BH, Dubai Islamic Bank, Emirates NBD Capital ENBD.DU, First Abu Dhabi Bank FAB.AD, KFH Capital KFH.KW, HSBC HSBA.L, Sharjah Islamic Bank SIB.AD and Standard Chartered STAN.L are arranging the debt sale. Updates with size, launch, demand, final spread DUBAI, Nov 22 (Reuters) - Dubai Islamic Bank DISB.DU sold $750 million of its debut sustainable Islamic bond on Tuesday, a bank document showed. The deal comes as issuers in the Gulf - where international bond sales have plummeted this year amid enduring volatility and rising rates - pounce on windows of opportunity to issue debt in choppy markets. | Bank ABC ABCB.BH, Dubai Islamic Bank, Emirates NBD Capital ENBD.DU, First Abu Dhabi Bank FAB.AD, KFH Capital KFH.KW, HSBC HSBA.L, Sharjah Islamic Bank SIB.AD and Standard Chartered STAN.L are arranging the debt sale. Updates with size, launch, demand, final spread DUBAI, Nov 22 (Reuters) - Dubai Islamic Bank DISB.DU sold $750 million of its debut sustainable Islamic bond on Tuesday, a bank document showed. Dubai's Mashreq raised $500 million in Tier 2 bonds last Thursday, on the heels of a $700 million bond sale by Banque Saudi Fransi a day before. | Bank ABC ABCB.BH, Dubai Islamic Bank, Emirates NBD Capital ENBD.DU, First Abu Dhabi Bank FAB.AD, KFH Capital KFH.KW, HSBC HSBA.L, Sharjah Islamic Bank SIB.AD and Standard Chartered STAN.L are arranging the debt sale. Updates with size, launch, demand, final spread DUBAI, Nov 22 (Reuters) - Dubai Islamic Bank DISB.DU sold $750 million of its debut sustainable Islamic bond on Tuesday, a bank document showed. (Reporting by Yousef Saba; Editing by Christopher Cushing, Kirsten Donovan) ((Yousef.Saba@thomsonreuters.com; +971562166204; https://twitter.com/YousefSaba)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Bank ABC ABCB.BH, Dubai Islamic Bank, Emirates NBD Capital ENBD.DU, First Abu Dhabi Bank FAB.AD, KFH Capital KFH.KW, HSBC HSBA.L, Sharjah Islamic Bank SIB.AD and Standard Chartered STAN.L are arranging the debt sale. Updates with size, launch, demand, final spread DUBAI, Nov 22 (Reuters) - Dubai Islamic Bank DISB.DU sold $750 million of its debut sustainable Islamic bond on Tuesday, a bank document showed. The sukuk, which mature in five years, were sold at 155 basis points (bps) over U.S. Treasuries, tightened from initial guidance of around 175 bps over after demand topped $1.6 billion, the document showed. |
27708.0 | 2022-11-22 00:00:00 UTC | Dubai Islamic Bank takes orders for debut sustainable sukuk - document | ABCB | https://www.nasdaq.com/articles/dubai-islamic-bank-takes-orders-for-debut-sustainable-sukuk-document | nan | nan | DUBAI, Nov 22 (Reuters) - Dubai Islamic Bank DISB.DU has given initial price guidance of around 175 basis points over U.S. Treasuries for five-year debut sustainable Islamic bonds, a bank document showed on Tuesday.
Bank ABC ABCB.BH, Dubai Islamic Bank, Emirates NBD Capital ENBD.DU, First Abu Dhabi Bank FAB.AD, KFH Capital KFH.KW, HSBC HSBA.L, Sharjah Islamic Bank SIB.AD and Standard Chartered STAN.L are arranging the deal, which is expected to price later on Tuesday.
(Reporting by Yousef Saba; Editing by Christopher Cushing)
((Yousef.Saba@thomsonreuters.com; +971562166204; https://twitter.com/YousefSaba))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Bank ABC ABCB.BH, Dubai Islamic Bank, Emirates NBD Capital ENBD.DU, First Abu Dhabi Bank FAB.AD, KFH Capital KFH.KW, HSBC HSBA.L, Sharjah Islamic Bank SIB.AD and Standard Chartered STAN.L are arranging the deal, which is expected to price later on Tuesday. DUBAI, Nov 22 (Reuters) - Dubai Islamic Bank DISB.DU has given initial price guidance of around 175 basis points over U.S. Treasuries for five-year debut sustainable Islamic bonds, a bank document showed on Tuesday. (Reporting by Yousef Saba; Editing by Christopher Cushing) ((Yousef.Saba@thomsonreuters.com; +971562166204; https://twitter.com/YousefSaba)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Bank ABC ABCB.BH, Dubai Islamic Bank, Emirates NBD Capital ENBD.DU, First Abu Dhabi Bank FAB.AD, KFH Capital KFH.KW, HSBC HSBA.L, Sharjah Islamic Bank SIB.AD and Standard Chartered STAN.L are arranging the deal, which is expected to price later on Tuesday. DUBAI, Nov 22 (Reuters) - Dubai Islamic Bank DISB.DU has given initial price guidance of around 175 basis points over U.S. Treasuries for five-year debut sustainable Islamic bonds, a bank document showed on Tuesday. (Reporting by Yousef Saba; Editing by Christopher Cushing) ((Yousef.Saba@thomsonreuters.com; +971562166204; https://twitter.com/YousefSaba)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Bank ABC ABCB.BH, Dubai Islamic Bank, Emirates NBD Capital ENBD.DU, First Abu Dhabi Bank FAB.AD, KFH Capital KFH.KW, HSBC HSBA.L, Sharjah Islamic Bank SIB.AD and Standard Chartered STAN.L are arranging the deal, which is expected to price later on Tuesday. DUBAI, Nov 22 (Reuters) - Dubai Islamic Bank DISB.DU has given initial price guidance of around 175 basis points over U.S. Treasuries for five-year debut sustainable Islamic bonds, a bank document showed on Tuesday. (Reporting by Yousef Saba; Editing by Christopher Cushing) ((Yousef.Saba@thomsonreuters.com; +971562166204; https://twitter.com/YousefSaba)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Bank ABC ABCB.BH, Dubai Islamic Bank, Emirates NBD Capital ENBD.DU, First Abu Dhabi Bank FAB.AD, KFH Capital KFH.KW, HSBC HSBA.L, Sharjah Islamic Bank SIB.AD and Standard Chartered STAN.L are arranging the deal, which is expected to price later on Tuesday. DUBAI, Nov 22 (Reuters) - Dubai Islamic Bank DISB.DU has given initial price guidance of around 175 basis points over U.S. Treasuries for five-year debut sustainable Islamic bonds, a bank document showed on Tuesday. (Reporting by Yousef Saba; Editing by Christopher Cushing) ((Yousef.Saba@thomsonreuters.com; +971562166204; https://twitter.com/YousefSaba)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. |
27709.0 | 2022-11-06 00:00:00 UTC | Validea's Top Five Financial Stocks Based On Joel Greenblatt - 11/6/2022 | ABCB | https://www.nasdaq.com/articles/valideas-top-five-financial-stocks-based-on-joel-greenblatt-11-6-2022 | nan | nan | The following are the top rated Financial stocks according to Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. This value model looks for companies with high return on capital and earnings yields.
AEGON N.V. (ADR) (AEG) is a mid-cap growth stock in the Insurance (Life) industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Aegon N.V. (Aegon) is an international life insurance, pensions and asset management company. The Company's segments include the Americas, which includes the United States, Mexico and Brazil; the Netherlands; the United Kingdom; Central & Eastern Europe; Spain & Portugal; Asia, and Aegon Asset Management. It offers protection against mortality, morbidity and longevity risks, including traditional and universal life. It offers products with mortality, morbidity, and longevity risks, including traditional and universal life; mortgages; annuity products, and banking products. It offers individual protection products, such as annuities, term insurance, income protection and international/offshore bonds. It has activities in Hungary, Poland, Romania and Turkey. It offers life insurance marketed to high-net-worth individuals in Hong Kong and Singapore. It also offers investment products covering third-party customers, insurance-linked solutions.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of AEGON N.V. (ADR)
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ARES COMMERCIAL REAL ESTATE CORP (ACRE) is a small-cap value stock in the Consumer Financial Services industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Ares Commercial Real Estate Corporation is a specialty finance company. The Company is primarily engaged in originating and investing in commercial real estate loans and related investments. The Company operates through an operating segment primarily focused on directly originating and managing a diversified portfolio of commercial real estate (CRE) debt-related investments for the Company's own account. The Company's investments include senior mortgage loans, subordinated debt, preferred equity, mezzanine loans and other CRE investments, including commercial mortgage-backed securities. These investments are generally held for investment and are secured, directly or indirectly, by office, multifamily, retail, industrial, lodging, self-storage, student housing, residential and other commercial real estate properties, or by ownership interests therein. The Company's portfolio is externally managed by Ares Commercial Real Estate Management LLC (the Manager).
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of ARES COMMERCIAL REAL ESTATE CORP
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ACI WORLDWIDE INC (ACIW) is a mid-cap value stock in the Consumer Financial Services industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: ACI Worldwide, Inc. develops, markets, installs, and supports a line of software products and solutions primarily focused on facilitating real-time digital payments. Its segments include ACI On Demand serves the needs of banks, merchants, and billers. These on-demand solutions are maintained and delivered through the cloud via its global data centers and is available in either a single-tenant environment for software as a service (SaaS) offering, or in a multi-tenant environment for platform as a service (PaaS) offerings; and ACI On Premise serves customers who manage their software on site or through a third-party public cloud environment. Its solutions include ACI Acquiring, ACI Issuing, ACI Enterprise Payments Platform, ACI Low Value Real-Time Payments, ACI High Value Real-Time Payments, ACI Omni Commerce, ACI Secure eCommerce, ACI Fraud Management, and ACI Speedpay. The Company offers implementation, product support, technical, and education services.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of ACI WORLDWIDE INC
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ARCH CAPITAL GROUP LTD. (ACGL) is a large-cap growth stock in the Insurance (Prop. & Casualty) industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Arch Capital Group Ltd. is a Bermuda-based company that provides insurance, reinsurance and mortgage insurance through its wholly owned subsidiaries. Its insurance segment consists of the Company's insurance underwriting units, which offer specialty product lines, including construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other (consisting of alternative markets, excess workers' compensation and surety business). The reinsurance segment consists of the Company's reinsurance underwriting units, which offer specialty product lines, including casualty; marine and aviation; other specialty; property catastrophe; property excluding property catastrophe, and other. The mortgage segment includes the Company's United States primary mortgage insurance business, investment and services related to United States credit-risk transfer (CRT).
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of ARCH CAPITAL GROUP LTD.
Full Guru Analysis for ACGL>
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AMERIS BANCORP (ABCB) is a mid-cap value stock in the Money Center Banks industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Ameris Bancorp is a bank holding company of Ameris Bank (the Bank). The Bank provides a full range of banking services to its retail and commercial customers in approximately 165 locations in Georgia, Alabama, Florida, North Carolina and South Carolina. It has five segments. The Banking Division provides full financial services, including commercial loans, consumer loans and deposit accounts. The Retail Mortgage Division is engaged in origination, sales and servicing of one-to-four family residential mortgage loans. The Warehouse Lending Division is engaged in the origination and servicing of warehouse lines to other businesses, which are secured by underlying one-to-four family residential mortgage loans and residential mortgage servicing rights. The SBA Division is engaged in the origination, sales and servicing of small business administration loans. The Premium Finance Division is engaged in the origination and servicing of commercial insurance premium finance loans.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of AMERIS BANCORP
Full Guru Analysis for ABCB>
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More details on Validea's Joel Greenblatt strategy
Joel Greenblatt Stock Ideas
About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. The "Magic Formula," as he called it, produced back-tested returns of 30.8 percent per year from 1988 through 2004, more than doubling the S&P 500's 12.4 percent return during that time. Greenblatt also produced exceptional returns as managing partner at Gotham Capital, a New York City-based hedge fund he founded. The firm averaged a remarkable 40 percent annualized return over more than two decades.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Detailed Analysis of ARCH CAPITAL GROUP LTD. Full Guru Analysis for ACGL> Full Factor Report for ACGL> AMERIS BANCORP (ABCB) is a mid-cap value stock in the Money Center Banks industry. Detailed Analysis of AMERIS BANCORP Full Guru Analysis for ABCB> Full Factor Report for ABCB> More details on Validea's Joel Greenblatt strategy Joel Greenblatt Stock Ideas About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. Company Description: ACI Worldwide, Inc. develops, markets, installs, and supports a line of software products and solutions primarily focused on facilitating real-time digital payments. | Detailed Analysis of AMERIS BANCORP Full Guru Analysis for ABCB> Full Factor Report for ABCB> More details on Validea's Joel Greenblatt strategy Joel Greenblatt Stock Ideas About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. Detailed Analysis of ARCH CAPITAL GROUP LTD. Full Guru Analysis for ACGL> Full Factor Report for ACGL> AMERIS BANCORP (ABCB) is a mid-cap value stock in the Money Center Banks industry. Detailed Analysis of ARES COMMERCIAL REAL ESTATE CORP Full Guru Analysis for ACRE> Full Factor Report for ACRE> ACI WORLDWIDE INC (ACIW) is a mid-cap value stock in the Consumer Financial Services industry. | Detailed Analysis of AMERIS BANCORP Full Guru Analysis for ABCB> Full Factor Report for ABCB> More details on Validea's Joel Greenblatt strategy Joel Greenblatt Stock Ideas About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. Detailed Analysis of ARCH CAPITAL GROUP LTD. Full Guru Analysis for ACGL> Full Factor Report for ACGL> AMERIS BANCORP (ABCB) is a mid-cap value stock in the Money Center Banks industry. Its solutions include ACI Acquiring, ACI Issuing, ACI Enterprise Payments Platform, ACI Low Value Real-Time Payments, ACI High Value Real-Time Payments, ACI Omni Commerce, ACI Secure eCommerce, ACI Fraud Management, and ACI Speedpay. | Detailed Analysis of AMERIS BANCORP Full Guru Analysis for ABCB> Full Factor Report for ABCB> More details on Validea's Joel Greenblatt strategy Joel Greenblatt Stock Ideas About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. Detailed Analysis of ARCH CAPITAL GROUP LTD. Full Guru Analysis for ACGL> Full Factor Report for ACGL> AMERIS BANCORP (ABCB) is a mid-cap value stock in the Money Center Banks industry. The Company is primarily engaged in originating and investing in commercial real estate loans and related investments. |
27710.0 | 2022-10-27 00:00:00 UTC | Ameris Bancorp (ABCB) Misses Q3 Earnings Estimates | ABCB | https://www.nasdaq.com/articles/ameris-bancorp-abcb-misses-q3-earnings-estimates | nan | nan | Ameris Bancorp (ABCB) came out with quarterly earnings of $1.32 per share, missing the Zacks Consensus Estimate of $1.34 per share. This compares to earnings of $1.20 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -1.49%. A quarter ago, it was expected that this bank would post earnings of $1.19 per share when it actually produced earnings of $1.18, delivering a surprise of -0.84%.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
Ameris Bancorp, which belongs to the Zacks Banks - Southeast industry, posted revenues of $278.31 million for the quarter ended September 2022, surpassing the Zacks Consensus Estimate by 0.27%. This compares to year-ago revenues of $238.22 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Ameris Bancorp shares have added about 3% since the beginning of the year versus the S&P 500's decline of -19.6%.
What's Next for Ameris Bancorp?
While Ameris Bancorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Ameris Bancorp: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.35 on $282 million in revenues for the coming quarter and $5.17 on $1.09 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southeast is currently in the top 8% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
First Guaranty Bancshares (FGBI), another stock in the same industry, has yet to report results for the quarter ended September 2022.
This bank holding company is expected to post quarterly earnings of $0.71 per share in its upcoming report, which represents a year-over-year change of +6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
First Guaranty Bancshares' revenues are expected to be $29.99 million, up 15.8% from the year-ago quarter.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ameris Bancorp (ABCB) came out with quarterly earnings of $1.32 per share, missing the Zacks Consensus Estimate of $1.34 per share. Ameris Bancorp (ABCB): Free Stock Analysis Report Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. | Ameris Bancorp (ABCB): Free Stock Analysis Report Ameris Bancorp (ABCB) came out with quarterly earnings of $1.32 per share, missing the Zacks Consensus Estimate of $1.34 per share. Ameris Bancorp, which belongs to the Zacks Banks - Southeast industry, posted revenues of $278.31 million for the quarter ended September 2022, surpassing the Zacks Consensus Estimate by 0.27%. | Ameris Bancorp (ABCB) came out with quarterly earnings of $1.32 per share, missing the Zacks Consensus Estimate of $1.34 per share. Ameris Bancorp (ABCB): Free Stock Analysis Report Ameris Bancorp, which belongs to the Zacks Banks - Southeast industry, posted revenues of $278.31 million for the quarter ended September 2022, surpassing the Zacks Consensus Estimate by 0.27%. | Ameris Bancorp (ABCB) came out with quarterly earnings of $1.32 per share, missing the Zacks Consensus Estimate of $1.34 per share. Ameris Bancorp (ABCB): Free Stock Analysis Report Ameris Bancorp, which belongs to the Zacks Banks - Southeast industry, posted revenues of $278.31 million for the quarter ended September 2022, surpassing the Zacks Consensus Estimate by 0.27%. |
27711.0 | 2022-10-26 00:00:00 UTC | Live Oak Bancshares (LOB) Q3 Earnings and Revenues Surpass Estimates | ABCB | https://www.nasdaq.com/articles/live-oak-bancshares-lob-q3-earnings-and-revenues-surpass-estimates | nan | nan | Live Oak Bancshares (LOB) came out with quarterly earnings of $0.96 per share, beating the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.76 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 113.33%. A quarter ago, it was expected that this bank holding company would post earnings of $0.51 per share when it actually produced earnings of $2.16, delivering a surprise of 323.53%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Live Oak Bancshares, which belongs to the Zacks Banks - Southeast industry, posted revenues of $141.61 million for the quarter ended September 2022, surpassing the Zacks Consensus Estimate by 34.06%. This compares to year-ago revenues of $103.01 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Live Oak Bancshares shares have lost about 65.9% since the beginning of the year versus the S&P 500's decline of -19%.
What's Next for Live Oak Bancshares?
While Live Oak Bancshares has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Live Oak Bancshares: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.49 on $100.39 million in revenues for the coming quarter and $2.04 on $500.65 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southeast is currently in the top 8% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Ameris Bancorp (ABCB), another stock in the same industry, has yet to report results for the quarter ended September 2022. The results are expected to be released on October 27.
This bank is expected to post quarterly earnings of $1.34 per share in its upcoming report, which represents a year-over-year change of +11.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Ameris Bancorp's revenues are expected to be $277.57 million, up 16.5% from the year-ago quarter.
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Live Oak Bancshares, Inc. (LOB): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ameris Bancorp (ABCB), another stock in the same industry, has yet to report results for the quarter ended September 2022. Ameris Bancorp (ABCB): Free Stock Analysis Report While Live Oak Bancshares has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? | Ameris Bancorp (ABCB), another stock in the same industry, has yet to report results for the quarter ended September 2022. Ameris Bancorp (ABCB): Free Stock Analysis Report Live Oak Bancshares, which belongs to the Zacks Banks - Southeast industry, posted revenues of $141.61 million for the quarter ended September 2022, surpassing the Zacks Consensus Estimate by 34.06%. | Ameris Bancorp (ABCB), another stock in the same industry, has yet to report results for the quarter ended September 2022. Ameris Bancorp (ABCB): Free Stock Analysis Report Live Oak Bancshares (LOB) came out with quarterly earnings of $0.96 per share, beating the Zacks Consensus Estimate of $0.45 per share. | Ameris Bancorp (ABCB), another stock in the same industry, has yet to report results for the quarter ended September 2022. Ameris Bancorp (ABCB): Free Stock Analysis Report Live Oak Bancshares, which belongs to the Zacks Banks - Southeast industry, posted revenues of $141.61 million for the quarter ended September 2022, surpassing the Zacks Consensus Estimate by 34.06%. |
27712.0 | 2022-10-25 00:00:00 UTC | Renasant (RNST) Q3 Earnings Meet Estimates | ABCB | https://www.nasdaq.com/articles/renasant-rnst-q3-earnings-meet-estimates | nan | nan | Renasant (RNST) came out with quarterly earnings of $0.79 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.71 per share a year ago. These figures are adjusted for non-recurring items.
A quarter ago, it was expected that this holding company for Renasant Bank would post earnings of $0.64 per share when it actually produced earnings of $0.72, delivering a surprise of 12.50%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Renasant, which belongs to the Zacks Banks - Southeast industry, posted revenues of $171.5 million for the quarter ended September 2022, surpassing the Zacks Consensus Estimate by 8.31%. This compares to year-ago revenues of $154.05 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Renasant shares have lost about 7.8% since the beginning of the year versus the S&P 500's decline of -20.3%.
What's Next for Renasant?
While Renasant has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Renasant: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.82 on $162.03 million in revenues for the coming quarter and $2.92 on $609.95 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southeast is currently in the top 11% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Ameris Bancorp (ABCB), is yet to report results for the quarter ended September 2022. The results are expected to be released on October 27.
This bank is expected to post quarterly earnings of $1.34 per share in its upcoming report, which represents a year-over-year change of +11.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Ameris Bancorp's revenues are expected to be $277.57 million, up 16.5% from the year-ago quarter.
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Renasant Corporation (RNST): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | One other stock from the same industry, Ameris Bancorp (ABCB), is yet to report results for the quarter ended September 2022. Ameris Bancorp (ABCB): Free Stock Analysis Report While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. | Ameris Bancorp (ABCB): Free Stock Analysis Report One other stock from the same industry, Ameris Bancorp (ABCB), is yet to report results for the quarter ended September 2022. Renasant, which belongs to the Zacks Banks - Southeast industry, posted revenues of $171.5 million for the quarter ended September 2022, surpassing the Zacks Consensus Estimate by 8.31%. | One other stock from the same industry, Ameris Bancorp (ABCB), is yet to report results for the quarter ended September 2022. Ameris Bancorp (ABCB): Free Stock Analysis Report Renasant (RNST) came out with quarterly earnings of $0.79 per share, in line with the Zacks Consensus Estimate. | One other stock from the same industry, Ameris Bancorp (ABCB), is yet to report results for the quarter ended September 2022. Ameris Bancorp (ABCB): Free Stock Analysis Report Renasant (RNST) came out with quarterly earnings of $0.79 per share, in line with the Zacks Consensus Estimate. |
27713.0 | 2022-10-21 00:00:00 UTC | Dime Community (DCOM) Expected to Beat Earnings Estimates: Can the Stock Move Higher? | ABCB | https://www.nasdaq.com/articles/dime-community-dcom-expected-to-beat-earnings-estimates%3A-can-the-stock-move-higher | nan | nan | Dime Community (DCOM) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2022. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The earnings report, which is expected to be released on October 28, 2022, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on theearnings call it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus Estimate
This bank holding company is expected to post quarterly earnings of $0.92 per share in its upcoming report, which represents a year-over-year change of -8.9%.
Revenues are expected to be $104.6 million, up 0% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has been revised 0.99% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Earnings Whisper
Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Dime Community?
For Dime Community, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +2.73%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination indicates that Dime Community will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?
While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Dime Community would post earnings of $0.85 per share when it actually produced earnings of $1.01, delivering a surprise of +18.82%.
Over the last four quarters, the company has beaten consensus EPS estimates two times.
Bottom Line
An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Dime Community appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
An Industry Player's Expected Results
Ameris Bancorp (ABCB), another stock in the Zacks Banks - Southeast industry, is expected to report earnings per share of $1.34 for the quarter ended September 2022. This estimate points to a year-over-year change of +11.7%. Revenues for the quarter are expected to be $277.57 million, up 16.5% from the year-ago quarter.
The consensus EPS estimate for Ameris Bancorp has remained unchanged over the last 30 days. However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -0.56%.
When combined with a Zacks Rank of #2 (Buy), this Earnings ESP makes it difficult to conclusively predict that Ameris Bancorp will beat the consensus EPS estimate. Over the last four quarters, the company surpassed EPS estimates just once.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Dime Community Bancshares, Inc. (DCOM): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | An Industry Player's Expected Results Ameris Bancorp (ABCB), another stock in the Zacks Banks - Southeast industry, is expected to report earnings per share of $1.34 for the quarter ended September 2022. Ameris Bancorp (ABCB): Free Stock Analysis Report This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. | An Industry Player's Expected Results Ameris Bancorp (ABCB), another stock in the Zacks Banks - Southeast industry, is expected to report earnings per share of $1.34 for the quarter ended September 2022. Ameris Bancorp (ABCB): Free Stock Analysis Report The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. | An Industry Player's Expected Results Ameris Bancorp (ABCB), another stock in the Zacks Banks - Southeast industry, is expected to report earnings per share of $1.34 for the quarter ended September 2022. Ameris Bancorp (ABCB): Free Stock Analysis Report The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. | An Industry Player's Expected Results Ameris Bancorp (ABCB), another stock in the Zacks Banks - Southeast industry, is expected to report earnings per share of $1.34 for the quarter ended September 2022. Ameris Bancorp (ABCB): Free Stock Analysis Report Zacks Consensus Estimate This bank holding company is expected to post quarterly earnings of $0.92 per share in its upcoming report, which represents a year-over-year change of -8.9%. |
27714.0 | 2022-10-21 00:00:00 UTC | Regions Financial (RF) Misses Q3 Earnings Estimates | ABCB | https://www.nasdaq.com/articles/regions-financial-rf-misses-q3-earnings-estimates | nan | nan | Regions Financial (RF) came out with quarterly earnings of $0.56 per share, missing the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.66 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -5.08%. A quarter ago, it was expected that this holding company for Regions Bank would post earnings of $0.53 per share when it actually produced earnings of $0.59, delivering a surprise of 11.32%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Regions Financial, which belongs to the Zacks Banks - Southeast industry, posted revenues of $1.87 billion for the quarter ended September 2022, surpassing the Zacks Consensus Estimate by 3.23%. This compares to year-ago revenues of $1.61 billion. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Regions Financial shares have lost about 9.5% since the beginning of the year versus the S&P 500's decline of -23.1%.
What's Next for Regions Financial?
While Regions Financial has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Regions Financial: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.61 on $1.87 billion in revenues for the coming quarter and $2.35 on $7.03 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southeast is currently in the top 6% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Ameris Bancorp (ABCB), is yet to report results for the quarter ended September 2022. The results are expected to be released on October 27.
This bank is expected to post quarterly earnings of $1.34 per share in its upcoming report, which represents a year-over-year change of +11.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Ameris Bancorp's revenues are expected to be $277.57 million, up 16.5% from the year-ago quarter.
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Regions Financial Corporation (RF): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | One other stock from the same industry, Ameris Bancorp (ABCB), is yet to report results for the quarter ended September 2022. Ameris Bancorp (ABCB): Free Stock Analysis Report Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. | Ameris Bancorp (ABCB): Free Stock Analysis Report One other stock from the same industry, Ameris Bancorp (ABCB), is yet to report results for the quarter ended September 2022. Regions Financial, which belongs to the Zacks Banks - Southeast industry, posted revenues of $1.87 billion for the quarter ended September 2022, surpassing the Zacks Consensus Estimate by 3.23%. | One other stock from the same industry, Ameris Bancorp (ABCB), is yet to report results for the quarter ended September 2022. Ameris Bancorp (ABCB): Free Stock Analysis Report Regions Financial (RF) came out with quarterly earnings of $0.56 per share, missing the Zacks Consensus Estimate of $0.59 per share. | One other stock from the same industry, Ameris Bancorp (ABCB), is yet to report results for the quarter ended September 2022. Ameris Bancorp (ABCB): Free Stock Analysis Report A quarter ago, it was expected that this holding company for Regions Bank would post earnings of $0.53 per share when it actually produced earnings of $0.59, delivering a surprise of 11.32%. |
27715.0 | 2022-10-20 00:00:00 UTC | Hilltop Holdings (HTH) Q3 Earnings and Revenues Beat Estimates | ABCB | https://www.nasdaq.com/articles/hilltop-holdings-hth-q3-earnings-and-revenues-beat-estimates | nan | nan | Hilltop Holdings (HTH) came out with quarterly earnings of $0.50 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $1.15 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 127.27%. A quarter ago, it was expected that this insurance holding compnay would post earnings of $0.32 per share when it actually produced earnings of $0.45, delivering a surprise of 40.63%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Hilltop Holdings, which belongs to the Zacks Banks - Southeast industry, posted revenues of $330.46 million for the quarter ended September 2022, surpassing the Zacks Consensus Estimate by 7.50%. This compares to year-ago revenues of $473.04 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Hilltop Holdings shares have lost about 26.6% since the beginning of the year versus the S&P 500's decline of -22.5%.
What's Next for Hilltop Holdings?
While Hilltop Holdings has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Hilltop Holdings: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.28 on $309.6 million in revenues for the coming quarter and $1.29 on $1.28 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southeast is currently in the top 6% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Ameris Bancorp (ABCB), is yet to report results for the quarter ended September 2022. The results are expected to be released on October 27.
This bank is expected to post quarterly earnings of $1.34 per share in its upcoming report, which represents a year-over-year change of +11.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Ameris Bancorp's revenues are expected to be $277.57 million, up 16.5% from the year-ago quarter.
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From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Hilltop Holdings Inc. (HTH): Free Stock Analysis Report
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To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | One other stock from the same industry, Ameris Bancorp (ABCB), is yet to report results for the quarter ended September 2022. Ameris Bancorp (ABCB): Free Stock Analysis Report Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. | One other stock from the same industry, Ameris Bancorp (ABCB), is yet to report results for the quarter ended September 2022. Ameris Bancorp (ABCB): Free Stock Analysis Report Hilltop Holdings, which belongs to the Zacks Banks - Southeast industry, posted revenues of $330.46 million for the quarter ended September 2022, surpassing the Zacks Consensus Estimate by 7.50%. | One other stock from the same industry, Ameris Bancorp (ABCB), is yet to report results for the quarter ended September 2022. Ameris Bancorp (ABCB): Free Stock Analysis Report Hilltop Holdings (HTH) came out with quarterly earnings of $0.50 per share, beating the Zacks Consensus Estimate of $0.22 per share. | One other stock from the same industry, Ameris Bancorp (ABCB), is yet to report results for the quarter ended September 2022. Ameris Bancorp (ABCB): Free Stock Analysis Report Hilltop Holdings (HTH) came out with quarterly earnings of $0.50 per share, beating the Zacks Consensus Estimate of $0.22 per share. |
27716.0 | 2022-10-19 00:00:00 UTC | Triumph Bancorp (TBK) Misses Q3 Earnings and Revenue Estimates | ABCB | https://www.nasdaq.com/articles/triumph-bancorp-tbk-misses-q3-earnings-and-revenue-estimates | nan | nan | Triumph Bancorp (TBK) came out with quarterly earnings of $0.62 per share, missing the Zacks Consensus Estimate of $0.83 per share. This compares to earnings of $0.94 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -25.30%. A quarter ago, it was expected that this financial holding company would post earnings of $0.85 per share when it actually produced earnings of $0.87, delivering a surprise of 2.35%.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
Triumph Bancorp, which belongs to the Zacks Banks - Southeast industry, posted revenues of $110.94 million for the quarter ended September 2022, missing the Zacks Consensus Estimate by 2.94%. This compares to year-ago revenues of $103.83 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Triumph Bancorp shares have lost about 53.2% since the beginning of the year versus the S&P 500's decline of -22%.
What's Next for Triumph Bancorp?
While Triumph Bancorp has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Triumph Bancorp: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.85 on $117.85 million in revenues for the coming quarter and $3.94 on $459.25 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southeast is currently in the top 7% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Ameris Bancorp (ABCB), is yet to report results for the quarter ended September 2022. The results are expected to be released on October 27.
This bank is expected to post quarterly earnings of $1.34 per share in its upcoming report, which represents a year-over-year change of +11.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Ameris Bancorp's revenues are expected to be $277.57 million, up 16.5% from the year-ago quarter.
7 Best Stocks for the Next 30 Days
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Triumph Bancorp, Inc. (TBK): Free Stock Analysis Report
Ameris Bancorp (ABCB): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | One other stock from the same industry, Ameris Bancorp (ABCB), is yet to report results for the quarter ended September 2022. Ameris Bancorp (ABCB): Free Stock Analysis Report There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. | One other stock from the same industry, Ameris Bancorp (ABCB), is yet to report results for the quarter ended September 2022. Ameris Bancorp (ABCB): Free Stock Analysis Report Triumph Bancorp, which belongs to the Zacks Banks - Southeast industry, posted revenues of $110.94 million for the quarter ended September 2022, missing the Zacks Consensus Estimate by 2.94%. | One other stock from the same industry, Ameris Bancorp (ABCB), is yet to report results for the quarter ended September 2022. Ameris Bancorp (ABCB): Free Stock Analysis Report Triumph Bancorp (TBK) came out with quarterly earnings of $0.62 per share, missing the Zacks Consensus Estimate of $0.83 per share. | One other stock from the same industry, Ameris Bancorp (ABCB), is yet to report results for the quarter ended September 2022. Ameris Bancorp (ABCB): Free Stock Analysis Report Triumph Bancorp (TBK) came out with quarterly earnings of $0.62 per share, missing the Zacks Consensus Estimate of $0.83 per share. |
27717.0 | 2022-10-14 00:00:00 UTC | Has Ameris Bancorp (ABCB) Outpaced Other Finance Stocks This Year? | ABCB | https://www.nasdaq.com/articles/has-ameris-bancorp-abcb-outpaced-other-finance-stocks-this-year | nan | nan | The Finance group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Ameris Bancorp (ABCB) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Finance sector should help us answer this question.
Ameris Bancorp is a member of the Finance sector. This group includes 887 individual stocks and currently holds a Zacks Sector Rank of #3. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Ameris Bancorp is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for ABCB's full-year earnings has moved 1.5% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, ABCB has returned 0.2% so far this year. At the same time, Finance stocks have lost an average of 19.7%. This means that Ameris Bancorp is outperforming the sector as a whole this year.
Carter Bankshares, Inc. (CARE) is another Finance stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 9.6%.
For Carter Bankshares, Inc. the consensus EPS estimate for the current year has increased 13% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
To break things down more, Ameris Bancorp belongs to the Banks - Southeast industry, a group that includes 63 individual companies and currently sits at #26 in the Zacks Industry Rank. This group has lost an average of 3.1% so far this year, so ABCB is performing better in this area.
On the other hand, Carter Bankshares, Inc. belongs to the Banks - Northeast industry. This 88-stock industry is currently ranked #13. The industry has moved -15.8% year to date.
Investors interested in the Finance sector may want to keep a close eye on Ameris Bancorp and Carter Bankshares, Inc. as they attempt to continue their solid performance.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Ameris Bancorp (ABCB): Free Stock Analysis Report
Carter Bankshares, Inc. (CARE): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Has Ameris Bancorp (ABCB) been one of those stocks this year? Within the past quarter, the Zacks Consensus Estimate for ABCB's full-year earnings has moved 1.5% higher. Based on the most recent data, ABCB has returned 0.2% so far this year. | Ameris Bancorp (ABCB): Free Stock Analysis Report Has Ameris Bancorp (ABCB) been one of those stocks this year? Within the past quarter, the Zacks Consensus Estimate for ABCB's full-year earnings has moved 1.5% higher. | Has Ameris Bancorp (ABCB) been one of those stocks this year? Within the past quarter, the Zacks Consensus Estimate for ABCB's full-year earnings has moved 1.5% higher. Based on the most recent data, ABCB has returned 0.2% so far this year. | Has Ameris Bancorp (ABCB) been one of those stocks this year? Within the past quarter, the Zacks Consensus Estimate for ABCB's full-year earnings has moved 1.5% higher. Based on the most recent data, ABCB has returned 0.2% so far this year. |
27718.0 | 2022-10-13 00:00:00 UTC | Should Value Investors Buy Ameris Bancorp (ABCB) Stock? | ABCB | https://www.nasdaq.com/articles/should-value-investors-buy-ameris-bancorp-abcb-stock | nan | nan | Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
One stock to keep an eye on is Ameris Bancorp (ABCB). ABCB is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock holds a P/E ratio of 9.03, while its industry has an average P/E of 9.11. Over the past year, ABCB's Forward P/E has been as high as 12.55 and as low as 7.74, with a median of 9.39.
Another notable valuation metric for ABCB is its P/B ratio of 1.08. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 1.82. Over the past year, ABCB's P/B has been as high as 1.33 and as low as 0.88, with a median of 1.09.
Finally, investors will want to recognize that ABCB has a P/CF ratio of 8.35. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. ABCB's P/CF compares to its industry's average P/CF of 11.76. Over the past 52 weeks, ABCB's P/CF has been as high as 9.06 and as low as 6.75, with a median of 8.05.
These are just a handful of the figures considered in Ameris Bancorp's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that ABCB is an impressive value stock right now.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock And 4 Runners Up
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Ameris Bancorp (ABCB): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | One stock to keep an eye on is Ameris Bancorp (ABCB). ABCB is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. Over the past year, ABCB's Forward P/E has been as high as 12.55 and as low as 7.74, with a median of 9.39. | Ameris Bancorp (ABCB): Free Stock Analysis Report One stock to keep an eye on is Ameris Bancorp (ABCB). ABCB is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. | Ameris Bancorp (ABCB): Free Stock Analysis Report One stock to keep an eye on is Ameris Bancorp (ABCB). ABCB is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. | One stock to keep an eye on is Ameris Bancorp (ABCB). ABCB is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. Over the past year, ABCB's Forward P/E has been as high as 12.55 and as low as 7.74, with a median of 9.39. |
27719.0 | 2022-10-09 00:00:00 UTC | Validea's Top Five Financial Stocks Based On Joel Greenblatt - 10/9/2022 | ABCB | https://www.nasdaq.com/articles/valideas-top-five-financial-stocks-based-on-joel-greenblatt-10-9-2022 | nan | nan | The following are the top rated Financial stocks according to Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. This value model looks for companies with high return on capital and earnings yields.
AEGON N.V. (ADR) (AEG) is a mid-cap growth stock in the Insurance (Life) industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Aegon N.V. (Aegon) is an international life insurance, pensions and asset management company. The Company's segments include the Americas, which includes the United States, Mexico and Brazil; the Netherlands; the United Kingdom; Central & Eastern Europe; Spain & Portugal; Asia, and Aegon Asset Management. It offers protection against mortality, morbidity and longevity risks, including traditional and universal life. It offers products with mortality, morbidity, and longevity risks, including traditional and universal life; mortgages; annuity products, and banking products. It offers individual protection products, such as annuities, term insurance, income protection and international/offshore bonds. It has activities in Hungary, Poland, Romania and Turkey. It offers life insurance marketed to high-net-worth individuals in Hong Kong and Singapore. It also offers investment products covering third-party customers, insurance-linked solutions.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of AEGON N.V. (ADR)
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ARES COMMERCIAL REAL ESTATE CORP (ACRE) is a small-cap value stock in the Consumer Financial Services industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Ares Commercial Real Estate Corporation is a specialty finance company. The Company is primarily engaged in originating and investing in commercial real estate loans and related investments. The Company operates through an operating segment primarily focused on directly originating and managing a diversified portfolio of commercial real estate (CRE) debt-related investments for the Company's own account. The Company's investments include senior mortgage loans, subordinated debt, preferred equity, mezzanine loans and other CRE investments, including commercial mortgage-backed securities. These investments are generally held for investment and are secured, directly or indirectly, by office, multifamily, retail, industrial, lodging, self-storage, student housing, residential and other commercial real estate properties, or by ownership interests therein. The Company's portfolio is externally managed by Ares Commercial Real Estate Management LLC (the Manager).
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of ARES COMMERCIAL REAL ESTATE CORP
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ACI WORLDWIDE INC (ACIW) is a mid-cap growth stock in the Consumer Financial Services industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: ACI Worldwide, Inc. develops, markets, installs, and supports a line of software products and solutions primarily focused on facilitating real-time digital payments. Its segments include ACI On Demand serves the needs of banks, merchants, and billers. These on-demand solutions are maintained and delivered through the cloud via its global data centers and is available in either a single-tenant environment for software as a service (SaaS) offering, or in a multi-tenant environment for platform as a service (PaaS) offerings; and ACI On Premise serves customers who manage their software on site or through a third-party public cloud environment. Its solutions include ACI Acquiring, ACI Issuing, ACI Enterprise Payments Platform, ACI Low Value Real-Time Payments, ACI High Value Real-Time Payments, ACI Omni Commerce, ACI Secure eCommerce, ACI Fraud Management, and ACI Speedpay. The Company offers implementation, product support, technical, and education services.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of ACI WORLDWIDE INC
Full Guru Analysis for ACIW>
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ARCH CAPITAL GROUP LTD. (ACGL) is a large-cap value stock in the Insurance (Prop. & Casualty) industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Arch Capital Group Ltd. is a Bermuda-based company that provides insurance, reinsurance and mortgage insurance through its wholly owned subsidiaries. Its insurance segment consists of the Company's insurance underwriting units, which offer specialty product lines, including construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other (consisting of alternative markets, excess workers' compensation and surety business). The reinsurance segment consists of the Company's reinsurance underwriting units, which offer specialty product lines, including casualty; marine and aviation; other specialty; property catastrophe; property excluding property catastrophe, and other. The mortgage segment includes the Company's United States primary mortgage insurance business, investment and services related to United States credit-risk transfer (CRT).
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of ARCH CAPITAL GROUP LTD.
Full Guru Analysis for ACGL>
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AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Ameris Bancorp is a bank holding company of Ameris Bank (the Bank). The Bank provides a full range of banking services to its retail and commercial customers in approximately 165 locations in Georgia, Alabama, Florida, North Carolina and South Carolina. It has five segments. The Banking Division provides full financial services, including commercial loans, consumer loans and deposit accounts. The Retail Mortgage Division is engaged in origination, sales and servicing of one-to-four family residential mortgage loans. The Warehouse Lending Division is engaged in the origination and servicing of warehouse lines to other businesses, which are secured by underlying one-to-four family residential mortgage loans and residential mortgage servicing rights. The SBA Division is engaged in the origination, sales and servicing of small business administration loans. The Premium Finance Division is engaged in the origination and servicing of commercial insurance premium finance loans.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of AMERIS BANCORP
Full Guru Analysis for ABCB>
Full Factor Report for ABCB>
More details on Validea's Joel Greenblatt strategy
Joel Greenblatt Stock Ideas
About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. The "Magic Formula," as he called it, produced back-tested returns of 30.8 percent per year from 1988 through 2004, more than doubling the S&P 500's 12.4 percent return during that time. Greenblatt also produced exceptional returns as managing partner at Gotham Capital, a New York City-based hedge fund he founded. The firm averaged a remarkable 40 percent annualized return over more than two decades.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Detailed Analysis of ARCH CAPITAL GROUP LTD. Full Guru Analysis for ACGL> Full Factor Report for ACGL> AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. Detailed Analysis of AMERIS BANCORP Full Guru Analysis for ABCB> Full Factor Report for ABCB> More details on Validea's Joel Greenblatt strategy Joel Greenblatt Stock Ideas About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. Company Description: ACI Worldwide, Inc. develops, markets, installs, and supports a line of software products and solutions primarily focused on facilitating real-time digital payments. | Detailed Analysis of AMERIS BANCORP Full Guru Analysis for ABCB> Full Factor Report for ABCB> More details on Validea's Joel Greenblatt strategy Joel Greenblatt Stock Ideas About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. Detailed Analysis of ARCH CAPITAL GROUP LTD. Full Guru Analysis for ACGL> Full Factor Report for ACGL> AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. Detailed Analysis of ARES COMMERCIAL REAL ESTATE CORP Full Guru Analysis for ACRE> Full Factor Report for ACRE> ACI WORLDWIDE INC (ACIW) is a mid-cap growth stock in the Consumer Financial Services industry. | Detailed Analysis of AMERIS BANCORP Full Guru Analysis for ABCB> Full Factor Report for ABCB> More details on Validea's Joel Greenblatt strategy Joel Greenblatt Stock Ideas About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. Detailed Analysis of ARCH CAPITAL GROUP LTD. Full Guru Analysis for ACGL> Full Factor Report for ACGL> AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. Its solutions include ACI Acquiring, ACI Issuing, ACI Enterprise Payments Platform, ACI Low Value Real-Time Payments, ACI High Value Real-Time Payments, ACI Omni Commerce, ACI Secure eCommerce, ACI Fraud Management, and ACI Speedpay. | Detailed Analysis of AMERIS BANCORP Full Guru Analysis for ABCB> Full Factor Report for ABCB> More details on Validea's Joel Greenblatt strategy Joel Greenblatt Stock Ideas About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. Detailed Analysis of ARCH CAPITAL GROUP LTD. Full Guru Analysis for ACGL> Full Factor Report for ACGL> AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. The Company is primarily engaged in originating and investing in commercial real estate loans and related investments. |
27720.0 | 2022-10-04 00:00:00 UTC | Bullish Two Hundred Day Moving Average Cross - ABCB | ABCB | https://www.nasdaq.com/articles/bullish-two-hundred-day-moving-average-cross-abcb | nan | nan | In trading on Tuesday, shares of Ameris Bancorp (Symbol: ABCB) crossed above their 200 day moving average of $46.03, changing hands as high as $47.79 per share. Ameris Bancorp shares are currently trading up about 4.6% on the day. The chart below shows the one year performance of ABCB shares, versus its 200 day moving average:
Looking at the chart above, ABCB's low point in its 52 week range is $38.22 per share, with $55.98 as the 52 week high point — that compares with a last trade of $47.72.
Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Tuesday, shares of Ameris Bancorp (Symbol: ABCB) crossed above their 200 day moving average of $46.03, changing hands as high as $47.79 per share. The chart below shows the one year performance of ABCB shares, versus its 200 day moving average: Looking at the chart above, ABCB's low point in its 52 week range is $38.22 per share, with $55.98 as the 52 week high point — that compares with a last trade of $47.72. Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Tuesday, shares of Ameris Bancorp (Symbol: ABCB) crossed above their 200 day moving average of $46.03, changing hands as high as $47.79 per share. The chart below shows the one year performance of ABCB shares, versus its 200 day moving average: Looking at the chart above, ABCB's low point in its 52 week range is $38.22 per share, with $55.98 as the 52 week high point — that compares with a last trade of $47.72. Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Tuesday, shares of Ameris Bancorp (Symbol: ABCB) crossed above their 200 day moving average of $46.03, changing hands as high as $47.79 per share. The chart below shows the one year performance of ABCB shares, versus its 200 day moving average: Looking at the chart above, ABCB's low point in its 52 week range is $38.22 per share, with $55.98 as the 52 week high point — that compares with a last trade of $47.72. Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Tuesday, shares of Ameris Bancorp (Symbol: ABCB) crossed above their 200 day moving average of $46.03, changing hands as high as $47.79 per share. The chart below shows the one year performance of ABCB shares, versus its 200 day moving average: Looking at the chart above, ABCB's low point in its 52 week range is $38.22 per share, with $55.98 as the 52 week high point — that compares with a last trade of $47.72. Ameris Bancorp shares are currently trading up about 4.6% on the day. |
27721.0 | 2022-09-27 00:00:00 UTC | Ex-Dividend Reminder: Ameris Bancorp, KKR Real Estate Finance Trust and Ladder Capital | ABCB | https://www.nasdaq.com/articles/ex-dividend-reminder%3A-ameris-bancorp-kkr-real-estate-finance-trust-and-ladder-capital | nan | nan | Looking at the universe of stocks we cover at Dividend Channel, on 9/29/22, Ameris Bancorp (Symbol: ABCB), KKR Real Estate Finance Trust Inc (Symbol: KREF), and Ladder Capital Corp (Symbol: LADR) will all trade ex-dividend for their respective upcoming dividends. Ameris Bancorp will pay its quarterly dividend of $0.15 on 10/10/22, KKR Real Estate Finance Trust Inc will pay its quarterly dividend of $0.43 on 10/14/22, and Ladder Capital Corp will pay its quarterly dividend of $0.23 on 10/17/22. As a percentage of ABCB's recent stock price of $46.48, this dividend works out to approximately 0.32%, so look for shares of Ameris Bancorp to trade 0.32% lower — all else being equal — when ABCB shares open for trading on 9/29/22. Similarly, investors should look for KREF to open 2.43% lower in price and for LADR to open 2.34% lower, all else being equal.
Below are dividend history charts for ABCB, KREF, and LADR, showing historical dividends prior to the most recent ones declared.
Ameris Bancorp (Symbol: ABCB):
KKR Real Estate Finance Trust Inc (Symbol: KREF):
Ladder Capital Corp (Symbol: LADR):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 1.29% for Ameris Bancorp, 9.73% for KKR Real Estate Finance Trust Inc, and 9.36% for Ladder Capital Corp.
In Tuesday trading, Ameris Bancorp shares are currently up about 1%, KKR Real Estate Finance Trust Inc shares are up about 1.5%, and Ladder Capital Corp shares are up about 0.7% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | As a percentage of ABCB's recent stock price of $46.48, this dividend works out to approximately 0.32%, so look for shares of Ameris Bancorp to trade 0.32% lower — all else being equal — when ABCB shares open for trading on 9/29/22. Looking at the universe of stocks we cover at Dividend Channel, on 9/29/22, Ameris Bancorp (Symbol: ABCB), KKR Real Estate Finance Trust Inc (Symbol: KREF), and Ladder Capital Corp (Symbol: LADR) will all trade ex-dividend for their respective upcoming dividends. Below are dividend history charts for ABCB, KREF, and LADR, showing historical dividends prior to the most recent ones declared. | Looking at the universe of stocks we cover at Dividend Channel, on 9/29/22, Ameris Bancorp (Symbol: ABCB), KKR Real Estate Finance Trust Inc (Symbol: KREF), and Ladder Capital Corp (Symbol: LADR) will all trade ex-dividend for their respective upcoming dividends. Ameris Bancorp (Symbol: ABCB): KKR Real Estate Finance Trust Inc (Symbol: KREF): Ladder Capital Corp (Symbol: LADR): In general, dividends are not always predictable, following the ups and downs of company profits over time. As a percentage of ABCB's recent stock price of $46.48, this dividend works out to approximately 0.32%, so look for shares of Ameris Bancorp to trade 0.32% lower — all else being equal — when ABCB shares open for trading on 9/29/22. | Looking at the universe of stocks we cover at Dividend Channel, on 9/29/22, Ameris Bancorp (Symbol: ABCB), KKR Real Estate Finance Trust Inc (Symbol: KREF), and Ladder Capital Corp (Symbol: LADR) will all trade ex-dividend for their respective upcoming dividends. Ameris Bancorp (Symbol: ABCB): KKR Real Estate Finance Trust Inc (Symbol: KREF): Ladder Capital Corp (Symbol: LADR): In general, dividends are not always predictable, following the ups and downs of company profits over time. As a percentage of ABCB's recent stock price of $46.48, this dividend works out to approximately 0.32%, so look for shares of Ameris Bancorp to trade 0.32% lower — all else being equal — when ABCB shares open for trading on 9/29/22. | As a percentage of ABCB's recent stock price of $46.48, this dividend works out to approximately 0.32%, so look for shares of Ameris Bancorp to trade 0.32% lower — all else being equal — when ABCB shares open for trading on 9/29/22. Looking at the universe of stocks we cover at Dividend Channel, on 9/29/22, Ameris Bancorp (Symbol: ABCB), KKR Real Estate Finance Trust Inc (Symbol: KREF), and Ladder Capital Corp (Symbol: LADR) will all trade ex-dividend for their respective upcoming dividends. Below are dividend history charts for ABCB, KREF, and LADR, showing historical dividends prior to the most recent ones declared. |
27722.0 | 2022-09-24 00:00:00 UTC | Ameris Bancorp (NASDAQ:ABCB) Looks Interesting, And It's About To Pay A Dividend | ABCB | https://www.nasdaq.com/articles/ameris-bancorp-nasdaq%3Aabcb-looks-interesting-and-its-about-to-pay-a-dividend | nan | nan | Ameris Bancorp (NASDAQ:ABCB) is about to trade ex-dividend in the next 4 days. The ex-dividend date is usually set to be one business day before the record date which is the cut-off date on which you must be present on the company's books as a shareholder in order to receive the dividend. The ex-dividend date is of consequence because whenever a stock is bought or sold, the trade takes at least two business day to settle. Therefore, if you purchase Ameris Bancorp's shares on or after the 29th of September, you won't be eligible to receive the dividend, when it is paid on the 10th of October.
The company's next dividend payment will be US$0.15 per share. Last year, in total, the company distributed US$0.60 to shareholders. Calculating the last year's worth of payments shows that Ameris Bancorp has a trailing yield of 1.3% on the current share price of $46.58. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. So we need to check whether the dividend payments are covered, and if earnings are growing.
Dividends are typically paid from company earnings. If a company pays more in dividends than it earned in profit, then the dividend could be unsustainable. Ameris Bancorp has a low and conservative payout ratio of just 12% of its income after tax.
Companies that pay out less in dividends than they earn in profits generally have more sustainable dividends. The lower the payout ratio, the more wiggle room the business has before it could be forced to cut the dividend.
Click here to see the company's payout ratio, plus analyst estimates of its future dividends.
NasdaqGS:ABCB Historic Dividend September 24th 2022
Have Earnings And Dividends Been Growing?
Businesses with strong growth prospects usually make the best dividend payers, because it's easier to grow dividends when earnings per share are improving. If earnings fall far enough, the company could be forced to cut its dividend. For this reason, we're glad to see Ameris Bancorp's earnings per share have risen 18% per annum over the last five years.
The main way most investors will assess a company's dividend prospects is by checking the historical rate of dividend growth. In the last eight years, Ameris Bancorp has lifted its dividend by approximately 15% a year on average. It's exciting to see that both earnings and dividends per share have grown rapidly over the past few years.
Final Takeaway
Should investors buy Ameris Bancorp for the upcoming dividend? Typically, companies that are growing rapidly and paying out a low fraction of earnings are keeping the profits for reinvestment in the business. This strategy can add significant value to shareholders over the long term - as long as it's done without issuing too many new shares. We think this is a pretty attractive combination, and would be interested in investigating Ameris Bancorp more closely.
Wondering what the future holds for Ameris Bancorp? See what the five analysts we track are forecasting, with this visualisation of its historical and future estimated earnings and cash flow
Generally, we wouldn't recommend just buying the first dividend stock you see. Here's a curated list of interesting stocks that are strong dividend payers.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ameris Bancorp (NASDAQ:ABCB) is about to trade ex-dividend in the next 4 days. NasdaqGS:ABCB Historic Dividend September 24th 2022 Have Earnings And Dividends Been Growing? Calculating the last year's worth of payments shows that Ameris Bancorp has a trailing yield of 1.3% on the current share price of $46.58. | NasdaqGS:ABCB Historic Dividend September 24th 2022 Have Earnings And Dividends Been Growing? Ameris Bancorp (NASDAQ:ABCB) is about to trade ex-dividend in the next 4 days. Click here to see the company's payout ratio, plus analyst estimates of its future dividends. | Ameris Bancorp (NASDAQ:ABCB) is about to trade ex-dividend in the next 4 days. NasdaqGS:ABCB Historic Dividend September 24th 2022 Have Earnings And Dividends Been Growing? If a company pays more in dividends than it earned in profit, then the dividend could be unsustainable. | NasdaqGS:ABCB Historic Dividend September 24th 2022 Have Earnings And Dividends Been Growing? Ameris Bancorp (NASDAQ:ABCB) is about to trade ex-dividend in the next 4 days. The company's next dividend payment will be US$0.15 per share. |
27723.0 | 2022-09-05 00:00:00 UTC | Validea's Top Five Financial Stocks Based On Joel Greenblatt - 9/5/2022 | ABCB | https://www.nasdaq.com/articles/valideas-top-five-financial-stocks-based-on-joel-greenblatt-9-5-2022 | nan | nan | The following are the top rated Financial stocks according to Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. This value model looks for companies with high return on capital and earnings yields.
ARES COMMERCIAL REAL ESTATE CORP (ACRE) is a small-cap value stock in the Consumer Financial Services industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Ares Commercial Real Estate Corporation is a specialty finance company. The Company is primarily engaged in originating and investing in commercial real estate loans and related investments. The Company operates through an operating segment primarily focused on directly originating and managing a diversified portfolio of commercial real estate (CRE) debt-related investments for the Company's own account. The Company's investments include senior mortgage loans, subordinated debt, preferred equity, mezzanine loans and other CRE investments, including commercial mortgage-backed securities. These investments are generally held for investment and are secured, directly or indirectly, by office, multifamily, retail, industrial, lodging, self-storage, student housing, residential and other commercial real estate properties, or by ownership interests therein. The Company's portfolio is externally managed by Ares Commercial Real Estate Management LLC (the Manager).
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of ARES COMMERCIAL REAL ESTATE CORP
Full Guru Analysis for ACRE>
Full Factor Report for ACRE>
ACI WORLDWIDE INC (ACIW) is a mid-cap growth stock in the Consumer Financial Services industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: ACI Worldwide, Inc. develops, markets, installs, and supports a line of software products and solutions primarily focused on facilitating real-time digital payments. Its segments include ACI On Demand serves the needs of banks, merchants, and billers. These on-demand solutions are maintained and delivered through the cloud via its global data centers and is available in either a single-tenant environment for software as a service (SaaS) offering, or in a multi-tenant environment for platform as a service (PaaS) offerings; and ACI On Premise serves customers who manage their software on site or through a third-party public cloud environment. Its solutions include ACI Acquiring, ACI Issuing, ACI Enterprise Payments Platform, ACI Low Value Real-Time Payments, ACI High Value Real-Time Payments, ACI Omni Commerce, ACI Secure eCommerce, ACI Fraud Management, and ACI Speedpay. The Company offers implementation, product support, technical, and education services.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of ACI WORLDWIDE INC
Full Guru Analysis for ACIW>
Full Factor Report for ACIW>
ARCH CAPITAL GROUP LTD. (ACGL) is a large-cap value stock in the Insurance (Prop. & Casualty) industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Arch Capital Group Ltd. is a Bermuda-based company that provides insurance, reinsurance and mortgage insurance through its wholly owned subsidiaries. Its insurance segment consists of the Company's insurance underwriting units, which offer specialty product lines, including construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other (consisting of alternative markets, excess workers' compensation and surety business). The reinsurance segment consists of the Company's reinsurance underwriting units, which offer specialty product lines, including casualty; marine and aviation; other specialty; property catastrophe; property excluding property catastrophe, and other. The mortgage segment includes the Company's United States primary mortgage insurance business, investment and services related to United States credit-risk transfer (CRT).
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of ARCH CAPITAL GROUP LTD.
Full Guru Analysis for ACGL>
Full Factor Report for ACGL>
ALLEGIANCE BANCSHARES INC (ABTX) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Allegiance Bancshares, Inc is a bank holding company. The Company, through its wholly owned subsidiary, Allegiance Bank provides a range of commercial banking services primarily to small to medium-sized businesses, professionals, and individual customers. It offers a range of commercial and retail lending services, including commercial loans, loans to small businesses guaranteed by the Small Business Administration (the SBA), mortgage loans, home equity loans, personal loans, and automobile loans, among others, specifically designed for small to medium-sized businesses and companies, professionals, and individuals. It offers various types of deposit accounts, including checking accounts, commercial accounts, money market accounts, savings accounts, and other time deposits. It offers mobile banking and banking by telephone and Internet. It provides safe deposit boxes, debit cards, cash management and wire transfer services, night depository, direct deposits, and letters of credit.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of ALLEGIANCE BANCSHARES INC
Full Guru Analysis for ABTX>
Full Factor Report for ABTX>
AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Ameris Bancorp is a bank holding company of Ameris Bank (the Bank). The Bank provides a full range of banking services to its retail and commercial customers in approximately 165 locations in Georgia, Alabama, Florida, North Carolina and South Carolina. It has five segments. The Banking Division provides full financial services, including commercial loans, consumer loans and deposit accounts. The Retail Mortgage Division is engaged in origination, sales and servicing of one-to-four family residential mortgage loans. The Warehouse Lending Division is engaged in the origination and servicing of warehouse lines to other businesses, which are secured by underlying one-to-four family residential mortgage loans and residential mortgage servicing rights. The SBA Division is engaged in the origination, sales and servicing of small business administration loans. The Premium Finance Division is engaged in the origination and servicing of commercial insurance premium finance loans.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of AMERIS BANCORP
Full Guru Analysis for ABCB>
Full Factor Report for ABCB>
More details on Validea's Joel Greenblatt strategy
Joel Greenblatt Stock Ideas
About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. The "Magic Formula," as he called it, produced back-tested returns of 30.8 percent per year from 1988 through 2004, more than doubling the S&P 500's 12.4 percent return during that time. Greenblatt also produced exceptional returns as managing partner at Gotham Capital, a New York City-based hedge fund he founded. The firm averaged a remarkable 40 percent annualized return over more than two decades.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Detailed Analysis of ALLEGIANCE BANCSHARES INC Full Guru Analysis for ABTX> Full Factor Report for ABTX> AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. Detailed Analysis of AMERIS BANCORP Full Guru Analysis for ABCB> Full Factor Report for ABCB> More details on Validea's Joel Greenblatt strategy Joel Greenblatt Stock Ideas About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. Company Description: ACI Worldwide, Inc. develops, markets, installs, and supports a line of software products and solutions primarily focused on facilitating real-time digital payments. | Detailed Analysis of AMERIS BANCORP Full Guru Analysis for ABCB> Full Factor Report for ABCB> More details on Validea's Joel Greenblatt strategy Joel Greenblatt Stock Ideas About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. Detailed Analysis of ALLEGIANCE BANCSHARES INC Full Guru Analysis for ABTX> Full Factor Report for ABTX> AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. Detailed Analysis of ARES COMMERCIAL REAL ESTATE CORP Full Guru Analysis for ACRE> Full Factor Report for ACRE> ACI WORLDWIDE INC (ACIW) is a mid-cap growth stock in the Consumer Financial Services industry. | Detailed Analysis of AMERIS BANCORP Full Guru Analysis for ABCB> Full Factor Report for ABCB> More details on Validea's Joel Greenblatt strategy Joel Greenblatt Stock Ideas About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. Detailed Analysis of ALLEGIANCE BANCSHARES INC Full Guru Analysis for ABTX> Full Factor Report for ABTX> AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. Detailed Analysis of ARES COMMERCIAL REAL ESTATE CORP Full Guru Analysis for ACRE> Full Factor Report for ACRE> ACI WORLDWIDE INC (ACIW) is a mid-cap growth stock in the Consumer Financial Services industry. | Detailed Analysis of ALLEGIANCE BANCSHARES INC Full Guru Analysis for ABTX> Full Factor Report for ABTX> AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. Detailed Analysis of AMERIS BANCORP Full Guru Analysis for ABCB> Full Factor Report for ABCB> More details on Validea's Joel Greenblatt strategy Joel Greenblatt Stock Ideas About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. The following are the top rated Financial stocks according to Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. |
27724.0 | 2022-08-23 00:00:00 UTC | 1.7%of this Ameris Bancorp (NASDAQ:ABCB) insider's holdings were sold in the last year | ABCB | https://www.nasdaq.com/articles/1.7of-this-ameris-bancorp-nasdaq%3Aabcb-insiders-holdings-were-sold-in-the-last-year | nan | nan | From what we can see, insiders were net sellers in Ameris Bancorp's (NASDAQ:ABCB ) during the past 12 months. That is, insiders sold the stock in greater numbers than they purchased it.
While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing.
The Last 12 Months Of Insider Transactions At Ameris Bancorp
The Independent Director, Jimmy Veal, made the biggest insider sale in the last 12 months. That single transaction was for US$83k worth of shares at a price of US$48.66 each. That means that an insider was selling shares at around the current price of US$48.54. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. Given that the sale took place at around current prices, it makes us a little cautious but is hardly a major concern. Jimmy Veal was the only individual insider to sell shares in the last twelve months.
You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!
NasdaqGS:ABCB Insider Trading Volume August 23rd 2022
I will like Ameris Bancorp better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.
Does Ameris Bancorp Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It's great to see that Ameris Bancorp insiders own 5.7% of the company, worth about US$190m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
So What Do The Ameris Bancorp Insider Transactions Indicate?
The fact that there have been no Ameris Bancorp insider transactions recently certainly doesn't bother us. It's great to see high levels of insider ownership, but looking back over the last year, we don't gain confidence from the Ameris Bancorp insiders selling. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | From what we can see, insiders were net sellers in Ameris Bancorp's (NASDAQ:ABCB ) during the past 12 months. NasdaqGS:ABCB Insider Trading Volume August 23rd 2022 I will like Ameris Bancorp better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying. | From what we can see, insiders were net sellers in Ameris Bancorp's (NASDAQ:ABCB ) during the past 12 months. NasdaqGS:ABCB Insider Trading Volume August 23rd 2022 I will like Ameris Bancorp better if I see some big insider buys. The Last 12 Months Of Insider Transactions At Ameris Bancorp The Independent Director, Jimmy Veal, made the biggest insider sale in the last 12 months. | From what we can see, insiders were net sellers in Ameris Bancorp's (NASDAQ:ABCB ) during the past 12 months. NasdaqGS:ABCB Insider Trading Volume August 23rd 2022 I will like Ameris Bancorp better if I see some big insider buys. While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing. | From what we can see, insiders were net sellers in Ameris Bancorp's (NASDAQ:ABCB ) during the past 12 months. NasdaqGS:ABCB Insider Trading Volume August 23rd 2022 I will like Ameris Bancorp better if I see some big insider buys. While insider transactions are not the most important thing when it comes to long-term investing, we do think it is perfectly logical to keep tabs on what insiders are doing. |
27725.0 | 2022-08-22 00:00:00 UTC | Best Value Stocks to Buy for August 22nd | ABCB | https://www.nasdaq.com/articles/best-value-stocks-to-buy-for-august-22nd | nan | nan | Here are three stocks with buy rank and strong value characteristics for investors to consider today, August 22nd:
First BanCorp. FBP: This bank holding company for FirstBank carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.4% over the last 60 days.
First BanCorp. Price and Consensus
First BanCorp. price-consensus-chart | First BanCorp. Quote
First BanCorp has a price-to-earnings ratio (P/E) of 9.75, compared with 11.70 for the industry. The company possesses a Value Scoreof B.
First BanCorp. PE Ratio (TTM)
First BanCorp. pe-ratio-ttm | First BanCorp. Quote
Tsakos Energy Navigation Limited TNP: This seaborne crude oil and petroleum products transportation company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 50.7% over the last 60 days.
Tsakos Energy Navigation Ltd Price and Consensus
Tsakos Energy Navigation Ltd price-consensus-chart | Tsakos Energy Navigation Ltd Quote
Tsakos has a price-to-earnings ratio (P/E) of 3.38, compared with 14.10 for the industry. The company possesses a Value Score of A.
Tsakos Energy Navigation Ltd PE Ratio (TTM)
Tsakos Energy Navigation Ltd pe-ratio-ttm | Tsakos Energy Navigation Ltd Quote
Ameris Bancorp ABCB: This bank holding company for Ameris Bank carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.4% over the last 60 days.
Ameris Bancorp Price and Consensus
Ameris Bancorp price-consensus-chart | Ameris Bancorp Quote
Ameris Bancorp has a price-to-earnings ratio (P/E) of 9.63, compared with 11.70 for the industry. The company possesses a Value Score of B.
Ameris Bancorp PE Ratio (TTM)
Ameris Bancorp pe-ratio-ttm | Ameris Bancorp Quote
See the full list of top ranked stocks here.
Learn more about the Value score and how it is calculated here.
Infrastructure Stock Boom to Sweep America
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Tsakos Energy Navigation Ltd (TNP): Free Stock Analysis Report
Ameris Bancorp (ABCB): Free Stock Analysis Report
First BanCorp. (FBP): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The company possesses a Value Score of A. Tsakos Energy Navigation Ltd PE Ratio (TTM) Tsakos Energy Navigation Ltd pe-ratio-ttm | Tsakos Energy Navigation Ltd Quote Ameris Bancorp ABCB: This bank holding company for Ameris Bank carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.4% over the last 60 days. Ameris Bancorp (ABCB): Free Stock Analysis Report The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. | The company possesses a Value Score of A. Tsakos Energy Navigation Ltd PE Ratio (TTM) Tsakos Energy Navigation Ltd pe-ratio-ttm | Tsakos Energy Navigation Ltd Quote Ameris Bancorp ABCB: This bank holding company for Ameris Bank carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.4% over the last 60 days. Ameris Bancorp (ABCB): Free Stock Analysis Report Tsakos Energy Navigation Ltd Price and Consensus Tsakos Energy Navigation Ltd price-consensus-chart | Tsakos Energy Navigation Ltd Quote Tsakos has a price-to-earnings ratio (P/E) of 3.38, compared with 14.10 for the industry. | The company possesses a Value Score of A. Tsakos Energy Navigation Ltd PE Ratio (TTM) Tsakos Energy Navigation Ltd pe-ratio-ttm | Tsakos Energy Navigation Ltd Quote Ameris Bancorp ABCB: This bank holding company for Ameris Bank carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.4% over the last 60 days. Ameris Bancorp (ABCB): Free Stock Analysis Report Ameris Bancorp Price and Consensus Ameris Bancorp price-consensus-chart | Ameris Bancorp Quote Ameris Bancorp has a price-to-earnings ratio (P/E) of 9.63, compared with 11.70 for the industry. | The company possesses a Value Score of A. Tsakos Energy Navigation Ltd PE Ratio (TTM) Tsakos Energy Navigation Ltd pe-ratio-ttm | Tsakos Energy Navigation Ltd Quote Ameris Bancorp ABCB: This bank holding company for Ameris Bank carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.4% over the last 60 days. Ameris Bancorp (ABCB): Free Stock Analysis Report The company possesses a Value Score of B. Ameris Bancorp PE Ratio (TTM) Ameris Bancorp pe-ratio-ttm | Ameris Bancorp Quote See the full list of top ranked stocks here. |
27726.0 | 2022-08-22 00:00:00 UTC | New Strong Buy Stocks for August 22nd | ABCB | https://www.nasdaq.com/articles/new-strong-buy-stocks-for-august-22nd | nan | nan | Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:
Tsakos Energy Navigation Limited TNP: This seaborne crude oil and petroleum products transportation company has seen the Zacks Consensus Estimate for its current year earnings increasing 50.7% over the last 60 days.
Tsakos Energy Navigation Ltd Price and Consensus
Tsakos Energy Navigation Ltd price-consensus-chart | Tsakos Energy Navigation Ltd Quote
Ameris Bancorp ABCB: This bank holding company for Ameris Bank has seen the Zacks Consensus Estimate for its current year earnings increasing 8.4% over the last 60 days.
Ameris Bancorp Price and Consensus
Ameris Bancorp price-consensus-chart | Ameris Bancorp Quote
First BanCorp. FBP: This bank holding company for FirstBank has seen the Zacks Consensus Estimate for its current year earnings increasing 7.4% over the last 60 days.
First BanCorp. Price and Consensus
First BanCorp. price-consensus-chart | First BanCorp. Quote
CVB Financial Corp. CVBF: This bank holding company for Citizens Business Bank has seen the Zacks Consensus Estimate for its current year earnings increasing 7.8% over the last 60 days.
CVB Financial Corporation Price and Consensus
CVB Financial Corporation price-consensus-chart | CVB Financial Corporation Quote
Summit Financial Group, Inc. SMMF: This financial holding company for Summit Community Bank has seen the Zacks Consensus Estimate for its current year earnings increasing 5.7% over the last 60 days.
Summit Financial Group, Inc. Price and Consensus
Summit Financial Group, Inc. price-consensus-chart | Summit Financial Group, Inc. Quote
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Tsakos Energy Navigation Ltd Price and Consensus Tsakos Energy Navigation Ltd price-consensus-chart | Tsakos Energy Navigation Ltd Quote Ameris Bancorp ABCB: This bank holding company for Ameris Bank has seen the Zacks Consensus Estimate for its current year earnings increasing 8.4% over the last 60 days. Ameris Bancorp (ABCB): Free Stock Analysis Report FBP: This bank holding company for FirstBank has seen the Zacks Consensus Estimate for its current year earnings increasing 7.4% over the last 60 days. | Tsakos Energy Navigation Ltd Price and Consensus Tsakos Energy Navigation Ltd price-consensus-chart | Tsakos Energy Navigation Ltd Quote Ameris Bancorp ABCB: This bank holding company for Ameris Bank has seen the Zacks Consensus Estimate for its current year earnings increasing 8.4% over the last 60 days. Ameris Bancorp (ABCB): Free Stock Analysis Report CVB Financial Corporation Price and Consensus CVB Financial Corporation price-consensus-chart | CVB Financial Corporation Quote Summit Financial Group, Inc. SMMF: This financial holding company for Summit Community Bank has seen the Zacks Consensus Estimate for its current year earnings increasing 5.7% over the last 60 days. | Tsakos Energy Navigation Ltd Price and Consensus Tsakos Energy Navigation Ltd price-consensus-chart | Tsakos Energy Navigation Ltd Quote Ameris Bancorp ABCB: This bank holding company for Ameris Bank has seen the Zacks Consensus Estimate for its current year earnings increasing 8.4% over the last 60 days. Ameris Bancorp (ABCB): Free Stock Analysis Report CVB Financial Corporation Price and Consensus CVB Financial Corporation price-consensus-chart | CVB Financial Corporation Quote Summit Financial Group, Inc. SMMF: This financial holding company for Summit Community Bank has seen the Zacks Consensus Estimate for its current year earnings increasing 5.7% over the last 60 days. | Ameris Bancorp (ABCB): Free Stock Analysis Report Tsakos Energy Navigation Ltd Price and Consensus Tsakos Energy Navigation Ltd price-consensus-chart | Tsakos Energy Navigation Ltd Quote Ameris Bancorp ABCB: This bank holding company for Ameris Bank has seen the Zacks Consensus Estimate for its current year earnings increasing 8.4% over the last 60 days. Download FREE: How To Profit From Trillions On Spending For Infrastructure >> |
27727.0 | 2022-08-16 00:00:00 UTC | Are Investors Undervaluing Ameris Bancorp (ABCB) Right Now? | ABCB | https://www.nasdaq.com/articles/are-investors-undervaluing-ameris-bancorp-abcb-right-now-0 | nan | nan | Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
One company to watch right now is Ameris Bancorp (ABCB). ABCB is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock holds a P/E ratio of 9.39, while its industry has an average P/E of 10.22. Over the past year, ABCB's Forward P/E has been as high as 12.55 and as low as 7.74, with a median of 10.40.
Another valuation metric that we should highlight is ABCB's P/B ratio of 1.12. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 1.93. Within the past 52 weeks, ABCB's P/B has been as high as 1.33 and as low as 0.88, with a median of 1.15.
Finally, we should also recognize that ABCB has a P/CF ratio of 8.63. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 12.86. ABCB's P/CF has been as high as 9.06 and as low as 6.75, with a median of 7.92, all within the past year.
Investors could also keep in mind BancorpSouth Bank (CADE), an Banks - Southeast stock with a Zacks Rank of # 2 (Buy) and Value grade of A.
Furthermore, BancorpSouth Bank holds a P/B ratio of 0.70 and its industry's price-to-book ratio is 1.93. CADE's P/B has been as high as 1.21, as low as 0.56, with a median of 0.68 over the past 12 months.
These are only a few of the key metrics included in Ameris Bancorp and BancorpSouth Bank strong Value grade, but they help show that the stocks are likely undervalued right now. When factoring in the strength of its earnings outlook, ABCB and CADE look like an impressive value stock at the moment.
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Ameris Bancorp (ABCB): Free Stock Analysis Report
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To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | One company to watch right now is Ameris Bancorp (ABCB). ABCB is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. Over the past year, ABCB's Forward P/E has been as high as 12.55 and as low as 7.74, with a median of 10.40. | Ameris Bancorp (ABCB): Free Stock Analysis Report One company to watch right now is Ameris Bancorp (ABCB). ABCB is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. | One company to watch right now is Ameris Bancorp (ABCB). ABCB is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. Over the past year, ABCB's Forward P/E has been as high as 12.55 and as low as 7.74, with a median of 10.40. | One company to watch right now is Ameris Bancorp (ABCB). ABCB is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. Over the past year, ABCB's Forward P/E has been as high as 12.55 and as low as 7.74, with a median of 10.40. |
27728.0 | 2022-08-16 00:00:00 UTC | Are Finance Stocks Lagging Ameris Bancorp (ABCB) This Year? | ABCB | https://www.nasdaq.com/articles/are-finance-stocks-lagging-ameris-bancorp-abcb-this-year | nan | nan | Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Is Ameris Bancorp (ABCB) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Ameris Bancorp is a member of the Finance sector. This group includes 885 individual stocks and currently holds a Zacks Sector Rank of #3. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Ameris Bancorp is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for ABCB's full-year earnings has moved 3.8% higher within the past quarter. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that ABCB has returned about 0.4% since the start of the calendar year. In comparison, Finance companies have returned an average of -8%. As we can see, Ameris Bancorp is performing better than its sector in the calendar year.
Another Finance stock, which has outperformed the sector so far this year, is FS KKR Capital (FSK). The stock has returned 6.5% year-to-date.
For FS KKR Capital, the consensus EPS estimate for the current year has increased 5.8% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Ameris Bancorp belongs to the Banks - Southeast industry, a group that includes 64 individual companies and currently sits at #28 in the Zacks Industry Rank. On average, this group has gained an average of 1.3% so far this year, meaning that ABCB is slightly underperforming its industry in terms of year-to-date returns.
FS KKR Capital, however, belongs to the Financial - SBIC & Commercial Industry industry. Currently, this 37-stock industry is ranked #22. The industry has moved 0% so far this year.
Ameris Bancorp and FS KKR Capital could continue their solid performance, so investors interested in Finance stocks should continue to pay close attention to these stocks.
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Ameris Bancorp (ABCB): Free Stock Analysis Report
FS KKR Capital Corp. (FSK): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The Zacks Consensus Estimate for ABCB's full-year earnings has moved 3.8% higher within the past quarter. Is Ameris Bancorp (ABCB) one of those stocks right now? Our latest available data shows that ABCB has returned about 0.4% since the start of the calendar year. | Ameris Bancorp (ABCB): Free Stock Analysis Report Is Ameris Bancorp (ABCB) one of those stocks right now? The Zacks Consensus Estimate for ABCB's full-year earnings has moved 3.8% higher within the past quarter. | Is Ameris Bancorp (ABCB) one of those stocks right now? The Zacks Consensus Estimate for ABCB's full-year earnings has moved 3.8% higher within the past quarter. Our latest available data shows that ABCB has returned about 0.4% since the start of the calendar year. | On average, this group has gained an average of 1.3% so far this year, meaning that ABCB is slightly underperforming its industry in terms of year-to-date returns. Is Ameris Bancorp (ABCB) one of those stocks right now? The Zacks Consensus Estimate for ABCB's full-year earnings has moved 3.8% higher within the past quarter. |
27729.0 | 2022-08-07 00:00:00 UTC | Validea's Top Five Financial Stocks Based On Joel Greenblatt - 8/7/2022 | ABCB | https://www.nasdaq.com/articles/valideas-top-five-financial-stocks-based-on-joel-greenblatt-8-7-2022 | nan | nan | The following are the top rated Financial stocks according to Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. This value model looks for companies with high return on capital and earnings yields.
ARES COMMERCIAL REAL ESTATE CORP (ACRE) is a small-cap value stock in the Consumer Financial Services industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Ares Commercial Real Estate Corporation is a specialty finance company. The Company is primarily engaged in originating and investing in commercial real estate loans and related investments. The Company operates through an operating segment primarily focused on directly originating and managing a diversified portfolio of commercial real estate (CRE) debt-related investments for the Company's own account. The Company's investments include senior mortgage loans, subordinated debt, preferred equity, mezzanine loans and other CRE investments, including commercial mortgage-backed securities. These investments are generally held for investment and are secured, directly or indirectly, by office, multifamily, retail, industrial, lodging, self-storage, student housing, residential and other commercial real estate properties, or by ownership interests therein. The Company's portfolio is externally managed by Ares Commercial Real Estate Management LLC (the Manager).
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of ARES COMMERCIAL REAL ESTATE CORP
Full Guru Analysis for ACRE>
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ACI WORLDWIDE INC (ACIW) is a mid-cap growth stock in the Consumer Financial Services industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: ACI Worldwide, Inc. develops, markets, installs, and supports a line of software products and solutions primarily focused on facilitating real-time digital payments. Its segments include ACI On Demand serves the needs of banks, merchants, and billers. These on-demand solutions are maintained and delivered through the cloud via its global data centers and is available in either a single-tenant environment for software as a service (SaaS) offering, or in a multi-tenant environment for platform as a service (PaaS) offerings; and ACI On Premise serves customers who manage their software on site or through a third-party public cloud environment. Its solutions include ACI Acquiring, ACI Issuing, ACI Enterprise Payments Platform, ACI Low Value Real-Time Payments, ACI High Value Real-Time Payments, ACI Omni Commerce, ACI Secure eCommerce, ACI Fraud Management, ACI Digital Business Banking, and ACI Speedpay. The Company offers implementation, product support, technical, and education services.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of ACI WORLDWIDE INC
Full Guru Analysis for ACIW>
Full Factor Report for ACIW>
ARCH CAPITAL GROUP LTD. (ACGL) is a large-cap value stock in the Insurance (Prop. & Casualty) industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Arch Capital Group Ltd. (ACGL) provides insurance, reinsurance and mortgage insurance through its wholly owned subsidiaries. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company's segments include insurance, reinsurance, mortgage, other and corporate. The insurance segment's product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other. The reinsurance segment's product lines include casualty; marine and aviation; other specialty; property catastrophe; property excluding property catastrophe, and other. The mortgage segment includes United States and international mortgage insurance and reinsurance operations as well as government sponsored enterprise (GSE) credit-risk sharing transactions. The other segment includes the results of Watford Holdings Ltd. (Watford Re).
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of ARCH CAPITAL GROUP LTD.
Full Guru Analysis for ACGL>
Full Factor Report for ACGL>
ALLEGIANCE BANCSHARES INC (ABTX) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Allegiance Bancshares, Inc is a bank holding company. The Company, through its wholly owned subsidiary, Allegiance Bank provides a range of commercial banking services primarily to small to medium-sized businesses, professionals, and individual customers. It offers a range of commercial and retail lending services, including commercial loans, loans to small businesses guaranteed by the Small Business Administration (the SBA), mortgage loans, home equity loans, personal loans, and automobile loans, among others, specifically designed for small to medium-sized businesses and companies, professionals, and individuals. It offers various types of deposit accounts, including checking accounts, commercial accounts, money market accounts, savings accounts, and other time deposits. It offers mobile banking and banking by telephone and Internet. It provides safe deposit boxes, debit cards, cash management and wire transfer services, night depository, direct deposits, and letters of credit.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of ALLEGIANCE BANCSHARES INC
Full Guru Analysis for ABTX>
Full Factor Report for ABTX>
AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Ameris Bancorp is a bank holding company of Ameris Bank (the Bank). The Bank provides a full range of banking services to its retail and commercial customers in approximately 165 locations in Georgia, Alabama, Florida, North Carolina and South Carolina. It has five segments. The Banking Division provides full financial services, including commercial loans, consumer loans and deposit accounts. The Retail Mortgage Division is engaged in origination, sales and servicing of one-to-four family residential mortgage loans. The Warehouse Lending Division is engaged in the origination and servicing of warehouse lines to other businesses, which are secured by underlying one-to-four family residential mortgage loans and residential mortgage servicing rights. The SBA Division is engaged in the origination, sales and servicing of small business administration loans. The Premium Finance Division is engaged in the origination and servicing of commercial insurance premium finance loans.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of AMERIS BANCORP
Full Guru Analysis for ABCB>
Full Factor Report for ABCB>
More details on Validea's Joel Greenblatt strategy
Joel Greenblatt Stock Ideas
About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. The "Magic Formula," as he called it, produced back-tested returns of 30.8 percent per year from 1988 through 2004, more than doubling the S&P 500's 12.4 percent return during that time. Greenblatt also produced exceptional returns as managing partner at Gotham Capital, a New York City-based hedge fund he founded. The firm averaged a remarkable 40 percent annualized return over more than two decades.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Detailed Analysis of ALLEGIANCE BANCSHARES INC Full Guru Analysis for ABTX> Full Factor Report for ABTX> AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. Detailed Analysis of AMERIS BANCORP Full Guru Analysis for ABCB> Full Factor Report for ABCB> More details on Validea's Joel Greenblatt strategy Joel Greenblatt Stock Ideas About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. The following are the top rated Financial stocks according to Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. | Detailed Analysis of AMERIS BANCORP Full Guru Analysis for ABCB> Full Factor Report for ABCB> More details on Validea's Joel Greenblatt strategy Joel Greenblatt Stock Ideas About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. Detailed Analysis of ALLEGIANCE BANCSHARES INC Full Guru Analysis for ABTX> Full Factor Report for ABTX> AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. Detailed Analysis of ARES COMMERCIAL REAL ESTATE CORP Full Guru Analysis for ACRE> Full Factor Report for ACRE> ACI WORLDWIDE INC (ACIW) is a mid-cap growth stock in the Consumer Financial Services industry. | Detailed Analysis of AMERIS BANCORP Full Guru Analysis for ABCB> Full Factor Report for ABCB> More details on Validea's Joel Greenblatt strategy Joel Greenblatt Stock Ideas About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. Detailed Analysis of ALLEGIANCE BANCSHARES INC Full Guru Analysis for ABTX> Full Factor Report for ABTX> AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. Its solutions include ACI Acquiring, ACI Issuing, ACI Enterprise Payments Platform, ACI Low Value Real-Time Payments, ACI High Value Real-Time Payments, ACI Omni Commerce, ACI Secure eCommerce, ACI Fraud Management, ACI Digital Business Banking, and ACI Speedpay. | Detailed Analysis of AMERIS BANCORP Full Guru Analysis for ABCB> Full Factor Report for ABCB> More details on Validea's Joel Greenblatt strategy Joel Greenblatt Stock Ideas About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. Detailed Analysis of ALLEGIANCE BANCSHARES INC Full Guru Analysis for ABTX> Full Factor Report for ABTX> AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. The Company's segments include insurance, reinsurance, mortgage, other and corporate. |
27730.0 | 2022-07-26 00:00:00 UTC | Ameris Bancorp (ABCB) Q2 Earnings Lag Estimates | ABCB | https://www.nasdaq.com/articles/ameris-bancorp-abcb-q2-earnings-lag-estimates | nan | nan | Ameris Bancorp (ABCB) came out with quarterly earnings of $1.18 per share, missing the Zacks Consensus Estimate of $1.19 per share. This compares to earnings of $1.25 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -0.84%. A quarter ago, it was expected that this bank would post earnings of $1.08 per share when it actually produced earnings of $1.08, delivering no surprise.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
Ameris Bancorp, which belongs to the Zacks Banks - Southeast industry, posted revenues of $275.21 million for the quarter ended June 2022, surpassing the Zacks Consensus Estimate by 5.15%. This compares to year-ago revenues of $251.09 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Ameris Bancorp shares have lost about 12.8% since the beginning of the year versus the S&P 500's decline of -16.8%.
What's Next for Ameris Bancorp?
While Ameris Bancorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Ameris Bancorp: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.23 on $267.03 million in revenues for the coming quarter and $4.91 on $1.06 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southeast is currently in the top 9% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Bank7 (BSVN), is yet to report results for the quarter ended June 2022. The results are expected to be released on July 27.
This company is expected to post quarterly earnings of $0.70 per share in its upcoming report, which represents a year-over-year change of +4.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Bank7's revenues are expected to be $15.7 million, up 10.3% from the year-ago quarter.
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Bank7 Corp. (BSVN): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ameris Bancorp (ABCB) came out with quarterly earnings of $1.18 per share, missing the Zacks Consensus Estimate of $1.19 per share. Ameris Bancorp (ABCB): Free Stock Analysis Report Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. | Ameris Bancorp (ABCB): Free Stock Analysis Report Ameris Bancorp (ABCB) came out with quarterly earnings of $1.18 per share, missing the Zacks Consensus Estimate of $1.19 per share. Ameris Bancorp, which belongs to the Zacks Banks - Southeast industry, posted revenues of $275.21 million for the quarter ended June 2022, surpassing the Zacks Consensus Estimate by 5.15%. | Ameris Bancorp (ABCB) came out with quarterly earnings of $1.18 per share, missing the Zacks Consensus Estimate of $1.19 per share. Ameris Bancorp (ABCB): Free Stock Analysis Report Ameris Bancorp, which belongs to the Zacks Banks - Southeast industry, posted revenues of $275.21 million for the quarter ended June 2022, surpassing the Zacks Consensus Estimate by 5.15%. | Ameris Bancorp (ABCB) came out with quarterly earnings of $1.18 per share, missing the Zacks Consensus Estimate of $1.19 per share. Ameris Bancorp (ABCB): Free Stock Analysis Report While Ameris Bancorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? |
27731.0 | 2022-07-21 00:00:00 UTC | City Holding (CHCO) Tops Q2 Earnings and Revenue Estimates | ABCB | https://www.nasdaq.com/articles/city-holding-chco-tops-q2-earnings-and-revenue-estimates | nan | nan | City Holding (CHCO) came out with quarterly earnings of $1.51 per share, beating the Zacks Consensus Estimate of $1.30 per share. This compares to earnings of $1.41 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 16.15%. A quarter ago, it was expected that this bank holding company for City National Bank of West Virginia would post earnings of $1.23 per share when it actually produced earnings of $1.41, delivering a surprise of 14.63%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
City Holding, which belongs to the Zacks Banks - Southeast industry, posted revenues of $59.46 million for the quarter ended June 2022, surpassing the Zacks Consensus Estimate by 4.87%. This compares to year-ago revenues of $55.71 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
City Holding shares have added about 0.4% since the beginning of the year versus the S&P 500's decline of -16.9%.
What's Next for City Holding?
While City Holding has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for City Holding: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.33 on $57.9 million in revenues for the coming quarter and $5.54 on $229.5 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southeast is currently in the top 12% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Ameris Bancorp (ABCB), has yet to report results for the quarter ended June 2022. The results are expected to be released on July 26.
This bank is expected to post quarterly earnings of $1.19 per share in its upcoming report, which represents a year-over-year change of -4.8%. The consensus EPS estimate for the quarter has been revised 1.1% lower over the last 30 days to the current level.
Ameris Bancorp's revenues are expected to be $261.73 million, up 4.2% from the year-ago quarter.
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City Holding Company (CHCO): Free Stock Analysis Report
Ameris Bancorp (ABCB): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Another stock from the same industry, Ameris Bancorp (ABCB), has yet to report results for the quarter ended June 2022. Ameris Bancorp (ABCB): Free Stock Analysis Report Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. | Another stock from the same industry, Ameris Bancorp (ABCB), has yet to report results for the quarter ended June 2022. Ameris Bancorp (ABCB): Free Stock Analysis Report City Holding, which belongs to the Zacks Banks - Southeast industry, posted revenues of $59.46 million for the quarter ended June 2022, surpassing the Zacks Consensus Estimate by 4.87%. | Another stock from the same industry, Ameris Bancorp (ABCB), has yet to report results for the quarter ended June 2022. Ameris Bancorp (ABCB): Free Stock Analysis Report A quarter ago, it was expected that this bank holding company for City National Bank of West Virginia would post earnings of $1.23 per share when it actually produced earnings of $1.41, delivering a surprise of 14.63%. | Another stock from the same industry, Ameris Bancorp (ABCB), has yet to report results for the quarter ended June 2022. Ameris Bancorp (ABCB): Free Stock Analysis Report While City Holding has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? |
27732.0 | 2022-07-20 00:00:00 UTC | Origin Bancorp (OBNK) Expected to Beat Earnings Estimates: What to Know Ahead of Q2 Release | ABCB | https://www.nasdaq.com/articles/origin-bancorp-obnk-expected-to-beat-earnings-estimates%3A-what-to-know-ahead-of-q2-release | nan | nan | Origin Bancorp (OBNK) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended June 2022. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on theearnings call it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus Estimate
This bank holding company is expected to post quarterly earnings of $0.91 per share in its upcoming report, which represents a year-over-year change of -22.2%.
Revenues are expected to be $70.12 million, up 5.1% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Earnings Whisper
Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Origin Bancorp?
For Origin Bancorp, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +1.10%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination indicates that Origin Bancorp will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?
While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Origin Bancorp would post earnings of $0.88 per share when it actually produced earnings of $0.87, delivering a surprise of -1.14%.
Over the last four quarters, the company has beaten consensus EPS estimates three times.
Bottom Line
An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Origin Bancorp appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
An Industry Player's Expected Results
Another stock from the Zacks Banks - Southeast industry, Ameris Bancorp (ABCB), is soon expected to post earnings of $1.19 per share for the quarter ended June 2022. This estimate indicates a year-over-year change of -4.8%. Revenues for the quarter are expected to be $261.73 million, up 4.2% from the year-ago quarter.
Over the last 30 days, the consensus EPS estimate for Ameris Bancorp has been revised 1.1% down to the current level. Nevertheless, the company now has an Earnings ESP of 0.00%, reflecting an equal Most Accurate Estimate.
When combined with a Zacks Rank of #3 (Hold), this Earnings ESP makes it difficult to conclusively predict that Ameris Bancorp will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates two times.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Origin Bancorp, Inc. (OBNK): Free Stock Analysis Report
Ameris Bancorp (ABCB): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | An Industry Player's Expected Results Another stock from the Zacks Banks - Southeast industry, Ameris Bancorp (ABCB), is soon expected to post earnings of $1.19 per share for the quarter ended June 2022. Ameris Bancorp (ABCB): Free Stock Analysis Report This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. | An Industry Player's Expected Results Another stock from the Zacks Banks - Southeast industry, Ameris Bancorp (ABCB), is soon expected to post earnings of $1.19 per share for the quarter ended June 2022. Ameris Bancorp (ABCB): Free Stock Analysis Report The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. | An Industry Player's Expected Results Another stock from the Zacks Banks - Southeast industry, Ameris Bancorp (ABCB), is soon expected to post earnings of $1.19 per share for the quarter ended June 2022. Ameris Bancorp (ABCB): Free Stock Analysis Report The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. | An Industry Player's Expected Results Another stock from the Zacks Banks - Southeast industry, Ameris Bancorp (ABCB), is soon expected to post earnings of $1.19 per share for the quarter ended June 2022. Ameris Bancorp (ABCB): Free Stock Analysis Report For the last reported quarter, it was expected that Origin Bancorp would post earnings of $0.88 per share when it actually produced earnings of $0.87, delivering a surprise of -1.14%. |
27733.0 | 2022-07-19 00:00:00 UTC | Ameris Bancorp (ABCB) Expected to Beat Earnings Estimates: Should You Buy? | ABCB | https://www.nasdaq.com/articles/ameris-bancorp-abcb-expected-to-beat-earnings-estimates%3A-should-you-buy-0 | nan | nan | Ameris Bancorp (ABCB) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended June 2022. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 26. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on theearnings callwill mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus Estimate
This bank is expected to post quarterly earnings of $1.19 per share in its upcoming report, which represents a year-over-year change of -4.8%.
Revenues are expected to be $261.64 million, up 4.2% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has been revised 0.81% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Earnings Whisper
Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Ameris Bancorp?
For Ameris Bancorp, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.11%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination indicates that Ameris Bancorp will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?
Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Ameris Bancorp would post earnings of $1.08 per share when it actually produced earnings of $1.08, delivering no surprise.
Over the last four quarters, the company has beaten consensus EPS estimates two times.
Bottom Line
An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Ameris Bancorp appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Ameris Bancorp (ABCB): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ameris Bancorp (ABCB) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended June 2022. Ameris Bancorp (ABCB): Free Stock Analysis Report This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. | Ameris Bancorp (ABCB) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended June 2022. Ameris Bancorp (ABCB): Free Stock Analysis Report Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core. | Ameris Bancorp (ABCB) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended June 2022. Ameris Bancorp (ABCB): Free Stock Analysis Report The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. | Ameris Bancorp (ABCB) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended June 2022. Ameris Bancorp (ABCB): Free Stock Analysis Report The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 26. |
27734.0 | 2022-07-15 00:00:00 UTC | Nasdaq (NDAQ) to Report Q2 Earnings: What's in the Cards? | ABCB | https://www.nasdaq.com/articles/nasdaq-ndaq-to-report-q2-earnings%3A-whats-in-the-cards | nan | nan | Nasdaq, Inc. NDAQ is slated to report second-quarter 2022 earnings on Jul 20, before the opening bell. The company delivered an earnings surprise in each of the last four quarters, the average being 5.9%.
Factors to Consider
Nasdaq’s second-quarter performance is likely to have benefited from organic revenue growth, strong growth in index and analytics businesses and contributions from the acquisition of Verafin.
Non-trading revenues are expected to have benefited from the improved performance of Market Technology and continued strong growth of Market Data, Index and Analytics businesses.
The Zacks Consensus Estimate for Analytics businesses revenues is pegged at $56 million, indicating an increase of 12% from the year-ago reported figure. The consensus estimate for Index revenues is pegged at $126 million, suggesting growth of 17.7% from the year-ago reported figure.
Market Technology revenues are likely to have benefited from the higher anti-financial crime technology revenues owing to the inclusion of revenues from the acquisition of Verafin, new sales and strong retention, higher SaaS revenues as well as organic revenue growth. The Zacks Consensus Estimate for Market Technology revenues is pegged at $128 million, suggesting growth of 9.4% from the prior-year reported figure.
Market Services segment revenues are likely to have been driven by higher organic revenues, higher equity derivatives, cash equities, trade management services revenues, and strong operating leverage on higher trading revenues.
The Investment Intelligence segment is expected to have benefited from strong growth in index and analytics businesses as well as a positive contribution from Market Data. An increase in proprietary data revenues from higher international demand, higher licensing revenues from higher average AUM in ETPs linked to Nasdaq indexes and higher licensing revenues from futures trading linked to the Nasdaq-100 Index are likely to fuel this segment. Growth in the eVestment platform from new sales and strong retention are also expected to have added to the upside.
Organic growth, growth in the listed issuer base, higher U.S. listings revenues, expansion in listed U.S. corporate issuer base, higher adoption across the breadth of Investor Relations, as well as newer ESG advisory and reporting offerings are likely to have driven the Corporate Platforms segment.
Expenses are expected to have risen on higher organic growth and increase from the net impact of acquisitions and divestitures. The uptick is likely to have been partially offset by the lower impact of changes in foreign exchange rates.
The continued share buyback is anticipated to have provided an additional boost to the bottom line.
The Zacks Consensus Estimate for earnings stands at $1.93, indicating a 1.58% increase from the prior-year reported figure.
Q2 Volumes
Nasdaq reported mixed volumes for second-quarter 2022. U.S. equity options volume decreased 8.7% year over year to 714 million contracts. European options and futures volume increased 3.7% year over year to 16.6 million contracts.
Revenues per contract for U.S. equity options increased 8.2% year over year to 13 cents while the same for European options and futures decreased by a cent to 49 cents.
Under its cash equities, Nasdaq’s U.S. matched equity volume in the second quarter grossed 139 billion shares, up 21.8% from the prior-year quarter. European equity volume decreased 17.3% year over year to $243 billion. Under fixed income commodities, European fixed income volume increased 2.7% to 7.5 million contracts.
In the second quarter, there were 5,064 listed companies on Nasdaq compared with 4,550 in the year-ago period. Total listings grew 11.3% year over year to 5,529.
The consensus estimate for listing revenues is pegged at $108 million, suggesting growth of 10.2% from the year-ago reported figure.
What Our Quantitative Model States
Our proven model does not conclusively predict an earnings beat for Nasdaq this time around. This is because the stock needs to have the right combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). This is not the case as you can see below.
Earnings ESP: Nasdaq has an Earnings ESP of -1.39%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Nasdaq, Inc. Price and EPS Surprise
Nasdaq, Inc. price-eps-surprise | Nasdaq, Inc. Quote
Zacks Rank: Nasdaq currently carries a Zacks Rank #4 (Sell).
Stocks to Consider
Here are some stocks from the finance sector with the perfect combination of elements to surpass estimates in their upcoming releases.
CME Group Inc. CME has an Earnings ESP of +0.90% and a Zacks Rank #3. The Zacks Consensus Estimate for the to-be-reported quarter implies a year-over-year increase of 15.2%
You can see the complete list of today’s Zacks #1 Rank stocks here.
CME’s earnings surpassed estimates in each of the last four quarters, the average beat being 3.2%. The Zacks Consensus Estimate for CME Group’s 2022 earnings has moved 0.2% north in the past seven days.
American Express Company AXP has an Earnings ESP of +1.92% and a Zacks Rank #3. The Zacks Consensus Estimate for the to-be-reported quarter implies a year-over-year decrease of 15.4%.
AXP’s earnings surpassed estimates in each of the last four quarters, the average beat being 33.2%. The Zacks Consensus Estimate for American Express’s 2022 earnings has moved 0.1% north in the past seven days.
Ameris Bancorp ABCB has an Earnings ESP of +0.46 and a Zacks Rank #3. The Zacks Consensus Estimate for ABCB’s 2022 earnings implies a year-over-year decrease of 4.8%.
Ameris Bancorp’s earnings surpassed estimates in each of the last four quarters, the average beat being 1%. The Zacks Consensus Estimate for ABCB’s 2022 earnings has moved 1.4% north in the past 30 days.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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CME Group Inc. (CME): Free Stock Analysis Report
Nasdaq, Inc. (NDAQ): Free Stock Analysis Report
American Express Company (AXP): Free Stock Analysis Report
Ameris Bancorp (ABCB): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ameris Bancorp ABCB has an Earnings ESP of +0.46 and a Zacks Rank #3. The Zacks Consensus Estimate for ABCB’s 2022 earnings implies a year-over-year decrease of 4.8%. The Zacks Consensus Estimate for ABCB’s 2022 earnings has moved 1.4% north in the past 30 days. | Ameris Bancorp ABCB has an Earnings ESP of +0.46 and a Zacks Rank #3. The Zacks Consensus Estimate for ABCB’s 2022 earnings implies a year-over-year decrease of 4.8%. The Zacks Consensus Estimate for ABCB’s 2022 earnings has moved 1.4% north in the past 30 days. | Ameris Bancorp ABCB has an Earnings ESP of +0.46 and a Zacks Rank #3. The Zacks Consensus Estimate for ABCB’s 2022 earnings implies a year-over-year decrease of 4.8%. The Zacks Consensus Estimate for ABCB’s 2022 earnings has moved 1.4% north in the past 30 days. | Ameris Bancorp ABCB has an Earnings ESP of +0.46 and a Zacks Rank #3. The Zacks Consensus Estimate for ABCB’s 2022 earnings implies a year-over-year decrease of 4.8%. The Zacks Consensus Estimate for ABCB’s 2022 earnings has moved 1.4% north in the past 30 days. |
27735.0 | 2022-07-14 00:00:00 UTC | Relative Strength Alert For Ameris Bancorp | ABCB | https://www.nasdaq.com/articles/relative-strength-alert-for-ameris-bancorp | nan | nan | The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. Ameris Bancorp (Symbol: ABCB) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.
But making Ameris Bancorp an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of ABCB entered into oversold territory, changing hands as low as $38.37 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of Ameris Bancorp, the RSI reading has hit 29.6 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 40.3. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. Indeed, ABCB's recent annualized dividend of 0.6/share (currently paid in quarterly installments) works out to an annual yield of 1.50% based upon the recent $39.88 share price.
A bullish investor could look at ABCB's 29.6 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on ABCB is its dividend history. In general, dividends are not always predictable; but, looking at the history chart below can help in judging whether the most recent dividend is likely to continue.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | A bullish investor could look at ABCB's 29.6 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Ameris Bancorp (Symbol: ABCB) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making Ameris Bancorp an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of ABCB entered into oversold territory, changing hands as low as $38.37 per share. | Indeed, ABCB's recent annualized dividend of 0.6/share (currently paid in quarterly installments) works out to an annual yield of 1.50% based upon the recent $39.88 share price. Ameris Bancorp (Symbol: ABCB) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making Ameris Bancorp an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of ABCB entered into oversold territory, changing hands as low as $38.37 per share. | Ameris Bancorp (Symbol: ABCB) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making Ameris Bancorp an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of ABCB entered into oversold territory, changing hands as low as $38.37 per share. Indeed, ABCB's recent annualized dividend of 0.6/share (currently paid in quarterly installments) works out to an annual yield of 1.50% based upon the recent $39.88 share price. | Ameris Bancorp (Symbol: ABCB) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on ABCB is its dividend history. But making Ameris Bancorp an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of ABCB entered into oversold territory, changing hands as low as $38.37 per share. |
27736.0 | 2022-06-27 00:00:00 UTC | Ex-Dividend Reminder: Boston Properties, Ameris Bancorp and Terreno Realty | ABCB | https://www.nasdaq.com/articles/ex-dividend-reminder%3A-boston-properties-ameris-bancorp-and-terreno-realty | nan | nan | Looking at the universe of stocks we cover at Dividend Channel, on 6/29/22, Boston Properties Inc (Symbol: BXP), Ameris Bancorp (Symbol: ABCB), and Terreno Realty Corp (Symbol: TRNO) will all trade ex-dividend for their respective upcoming dividends. Boston Properties Inc will pay its quarterly dividend of $0.98 on 7/29/22, Ameris Bancorp will pay its quarterly dividend of $0.15 on 7/8/22, and Terreno Realty Corp will pay its quarterly dividend of $0.34 on 7/14/22. As a percentage of BXP's recent stock price of $91.94, this dividend works out to approximately 1.07%, so look for shares of Boston Properties Inc to trade 1.07% lower — all else being equal — when BXP shares open for trading on 6/29/22. Similarly, investors should look for ABCB to open 0.36% lower in price and for TRNO to open 0.58% lower, all else being equal.
Below are dividend history charts for BXP, ABCB, and TRNO, showing historical dividends prior to the most recent ones declared.
Boston Properties Inc (Symbol: BXP):
Ameris Bancorp (Symbol: ABCB):
Terreno Realty Corp (Symbol: TRNO):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 4.26% for Boston Properties Inc, 1.44% for Ameris Bancorp, and 2.32% for Terreno Realty Corp.
In Monday trading, Boston Properties Inc shares are currently down about 0.1%, Ameris Bancorp shares are up about 0.8%, and Terreno Realty Corp shares are off about 0.7% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Looking at the universe of stocks we cover at Dividend Channel, on 6/29/22, Boston Properties Inc (Symbol: BXP), Ameris Bancorp (Symbol: ABCB), and Terreno Realty Corp (Symbol: TRNO) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for ABCB to open 0.36% lower in price and for TRNO to open 0.58% lower, all else being equal. Below are dividend history charts for BXP, ABCB, and TRNO, showing historical dividends prior to the most recent ones declared. | Looking at the universe of stocks we cover at Dividend Channel, on 6/29/22, Boston Properties Inc (Symbol: BXP), Ameris Bancorp (Symbol: ABCB), and Terreno Realty Corp (Symbol: TRNO) will all trade ex-dividend for their respective upcoming dividends. Boston Properties Inc (Symbol: BXP): Ameris Bancorp (Symbol: ABCB): Terreno Realty Corp (Symbol: TRNO): In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for ABCB to open 0.36% lower in price and for TRNO to open 0.58% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel, on 6/29/22, Boston Properties Inc (Symbol: BXP), Ameris Bancorp (Symbol: ABCB), and Terreno Realty Corp (Symbol: TRNO) will all trade ex-dividend for their respective upcoming dividends. Boston Properties Inc (Symbol: BXP): Ameris Bancorp (Symbol: ABCB): Terreno Realty Corp (Symbol: TRNO): In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for ABCB to open 0.36% lower in price and for TRNO to open 0.58% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel, on 6/29/22, Boston Properties Inc (Symbol: BXP), Ameris Bancorp (Symbol: ABCB), and Terreno Realty Corp (Symbol: TRNO) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for ABCB to open 0.36% lower in price and for TRNO to open 0.58% lower, all else being equal. Below are dividend history charts for BXP, ABCB, and TRNO, showing historical dividends prior to the most recent ones declared. |
27737.0 | 2022-05-13 00:00:00 UTC | How Ameris (ABCB) Stock Stands Out in a Strong Industry | ABCB | https://www.nasdaq.com/articles/how-ameris-abcb-stock-stands-out-in-a-strong-industry | nan | nan | One stock that might be an intriguing choice for investors right now is Ameris Bancorp ABCB.This is because this security in the Banks - Southeast space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Banks - Southeast space as it currently has a Zacks Industry Rank of 28 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Meanwhile, Ameris is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.
Ameris Bancorp Price and Consensus
Ameris Bancorp price-consensus-chart | Ameris Bancorp Quote
In fact, over the past 30 days, current quarter estimates have moved from $1.14 per share to $1.16 per share, while current year estimates have moved from $4.63 per share to $4.72 per share. The company currently carries a Zacks Rank #3 (Hold), which is also a favorable signal. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
So, if you are looking for a decent pick in a strong industry, consider Ameris. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | One stock that might be an intriguing choice for investors right now is Ameris Bancorp ABCB.This is because this security in the Banks - Southeast space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective. Ameris Bancorp (ABCB): Free Stock Analysis Report This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. | One stock that might be an intriguing choice for investors right now is Ameris Bancorp ABCB.This is because this security in the Banks - Southeast space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective. Ameris Bancorp (ABCB): Free Stock Analysis Report The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term. | One stock that might be an intriguing choice for investors right now is Ameris Bancorp ABCB.This is because this security in the Banks - Southeast space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective. Ameris Bancorp (ABCB): Free Stock Analysis Report This is arguably taking place in the Banks - Southeast space as it currently has a Zacks Industry Rank of 28 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there. | One stock that might be an intriguing choice for investors right now is Ameris Bancorp ABCB.This is because this security in the Banks - Southeast space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective. Ameris Bancorp (ABCB): Free Stock Analysis Report So, if you are looking for a decent pick in a strong industry, consider Ameris. |
27738.0 | 2022-05-08 00:00:00 UTC | Validea's Top Five Financial Stocks Based On Joel Greenblatt - 5/8/2022 | ABCB | https://www.nasdaq.com/articles/valideas-top-five-financial-stocks-based-on-joel-greenblatt-5-8-2022 | nan | nan | The following are the top rated Financial stocks according to Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. This value model looks for companies with high return on capital and earnings yields.
ARES COMMERCIAL REAL ESTATE CORP (ACRE) is a small-cap value stock in the Consumer Financial Services industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Ares Commercial Real Estate Corporation is a specialty finance company. The Company is primarily engaged in originating and investing in commercial real estate loans and related investments. The Company operates through an operating segment primarily focused on directly originating and managing a diversified portfolio of commercial real estate (CRE) debt-related investments for the Company's own account. The Company's investments include senior mortgage loans, subordinated debt, preferred equity, mezzanine loans and other CRE investments, including commercial mortgage-backed securities. These investments are generally held for investment and are secured, directly or indirectly, by office, multifamily, retail, industrial, lodging, self-storage, student housing, residential and other commercial real estate properties, or by ownership interests therein. The Company's portfolio is externally managed by Ares Commercial Real Estate Management LLC (the Manager).
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
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ACI WORLDWIDE INC (ACIW) is a mid-cap growth stock in the Consumer Financial Services industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: ACI Worldwide, Inc. develops, markets, installs, and supports a line of software products and solutions primarily focused on facilitating real-time digital payments. Its segments include ACI On Demand serves the needs of banks, merchants, and billers. These on-demand solutions are maintained and delivered through the cloud via its global data centers and is available in either a single-tenant environment for software as a service (SaaS) offering, or in a multi-tenant environment for platform as a service (PaaS) offerings; and ACI On Premise serves customers who manage their software on site or through a third-party public cloud environment. Its solutions include ACI Acquiring, ACI Issuing, ACI Enterprise Payments Platform, ACI Low Value Real-Time Payments, ACI High Value Real-Time Payments, ACI Omni Commerce, ACI Secure eCommerce, ACI Fraud Management, ACI Digital Business Banking, and ACI Speedpay. The Company offers implementation, product support, technical, and education services.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
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ARCH CAPITAL GROUP LTD. (ACGL) is a large-cap value stock in the Insurance (Prop. & Casualty) industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Arch Capital Group Ltd. (ACGL) provides insurance, reinsurance and mortgage insurance through its wholly owned subsidiaries. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company's segments include insurance, reinsurance, mortgage, other and corporate. The insurance segment's product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other. The reinsurance segment's product lines include casualty; marine and aviation; other specialty; property catastrophe; property excluding property catastrophe, and other. The mortgage segment includes United States and international mortgage insurance and reinsurance operations as well as government sponsored enterprise (GSE) credit-risk sharing transactions. The other segment includes the results of Watford Holdings Ltd. (Watford Re).
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
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ALLEGIANCE BANCSHARES INC (ABTX) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Allegiance Bancshares, Inc is a bank holding company. The Company, through its wholly owned subsidiary, Allegiance Bank provides a range of commercial banking services primarily to small to medium-sized businesses, professionals, and individual customers. It offers a range of commercial and retail lending services, including commercial loans, loans to small businesses guaranteed by the Small Business Administration (the SBA), mortgage loans, home equity loans, personal loans, and automobile loans, among others, specifically designed for small to medium-sized businesses and companies, professionals, and individuals. It offers various types of deposit accounts, including checking accounts, commercial accounts, money market accounts, savings accounts, and other time deposits. It offers mobile banking and banking by telephone and Internet. It provides safe deposit boxes, debit cards, cash management and wire transfer services, night depository, direct deposits, and letters of credit.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of ALLEGIANCE BANCSHARES INC
Full Guru Analysis for ABTX>
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AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Ameris Bancorp is a bank holding company of Ameris Bank (the Bank). The Bank provides a full range of banking services to its retail and commercial customers in approximately 165 locations in Georgia, Alabama, Florida, North Carolina and South Carolina. It has five segments. The Banking Division provides full financial services, including commercial loans, consumer loans and deposit accounts. The Retail Mortgage Division is engaged in origination, sales and servicing of one-to-four family residential mortgage loans. The Warehouse Lending Division is engaged in the origination and servicing of warehouse lines to other businesses, which are secured by underlying one-to-four family residential mortgage loans and residential mortgage servicing rights. The SBA Division is engaged in the origination, sales and servicing of small business administration loans. The Premium Finance Division is engaged in the origination and servicing of commercial insurance premium finance loans.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of AMERIS BANCORP
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More details on Validea's Joel Greenblatt strategy
Joel Greenblatt Stock Ideas
About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. The "Magic Formula," as he called it, produced back-tested returns of 30.8 percent per year from 1988 through 2004, more than doubling the S&P 500's 12.4 percent return during that time. Greenblatt also produced exceptional returns as managing partner at Gotham Capital, a New York City-based hedge fund he founded. The firm averaged a remarkable 40 percent annualized return over more than two decades.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Detailed Analysis of ALLEGIANCE BANCSHARES INC Full Guru Analysis for ABTX> Full Factor Report for ABTX> AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. Detailed Analysis of AMERIS BANCORP Full Guru Analysis for ABCB> Full Factor Report for ABCB> More details on Validea's Joel Greenblatt strategy Joel Greenblatt Stock Ideas About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. The following are the top rated Financial stocks according to Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. | Detailed Analysis of AMERIS BANCORP Full Guru Analysis for ABCB> Full Factor Report for ABCB> More details on Validea's Joel Greenblatt strategy Joel Greenblatt Stock Ideas About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. Detailed Analysis of ALLEGIANCE BANCSHARES INC Full Guru Analysis for ABTX> Full Factor Report for ABTX> AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. Detailed Analysis of ARES COMMERCIAL REAL ESTATE CORP Full Guru Analysis for ACRE> Full Factor Report for ACRE> ACI WORLDWIDE INC (ACIW) is a mid-cap growth stock in the Consumer Financial Services industry. | Detailed Analysis of AMERIS BANCORP Full Guru Analysis for ABCB> Full Factor Report for ABCB> More details on Validea's Joel Greenblatt strategy Joel Greenblatt Stock Ideas About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. Detailed Analysis of ALLEGIANCE BANCSHARES INC Full Guru Analysis for ABTX> Full Factor Report for ABTX> AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. Its solutions include ACI Acquiring, ACI Issuing, ACI Enterprise Payments Platform, ACI Low Value Real-Time Payments, ACI High Value Real-Time Payments, ACI Omni Commerce, ACI Secure eCommerce, ACI Fraud Management, ACI Digital Business Banking, and ACI Speedpay. | Detailed Analysis of AMERIS BANCORP Full Guru Analysis for ABCB> Full Factor Report for ABCB> More details on Validea's Joel Greenblatt strategy Joel Greenblatt Stock Ideas About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. Detailed Analysis of ALLEGIANCE BANCSHARES INC Full Guru Analysis for ABTX> Full Factor Report for ABTX> AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. The Company's segments include insurance, reinsurance, mortgage, other and corporate. |
27739.0 | 2022-04-28 00:00:00 UTC | Analysts Predict 27% Upside For The Holdings of KBWR | ABCB | https://www.nasdaq.com/articles/analysts-predict-27-upside-for-the-holdings-of-kbwr | nan | nan | Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the Invesco KBW Regional Banking ETF (Symbol: KBWR), we found that the implied analyst target price for the ETF based upon its underlying holdings is $71.78 per unit.
With KBWR trading at a recent price near $56.70 per unit, that means that analysts see 26.60% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of KBWR's underlying holdings with notable upside to their analyst target prices are East West Bancorp, Inc (Symbol: EWBC), Ameris Bancorp (Symbol: ABCB), and First Bancorp (Symbol: FBP). Although EWBC has traded at a recent price of $71.90/share, the average analyst target is 38.62% higher at $99.67/share. Similarly, ABCB has 35.56% upside from the recent share price of $42.11 if the average analyst target price of $57.08/share is reached, and analysts on average are expecting FBP to reach a target price of $17.00/share, which is 29.28% above the recent price of $13.15. Below is a twelve month price history chart comparing the stock performance of EWBC, ABCB, and FBP:
Combined, EWBC, ABCB, and FBP represent 7.15% of the Invesco KBW Regional Banking ETF. Below is a summary table of the current analyst target prices discussed above:
NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
Invesco KBW Regional Banking ETF KBWR $56.70 $71.78 26.60%
East West Bancorp, Inc EWBC $71.90 $99.67 38.62%
Ameris Bancorp ABCB $42.11 $57.08 35.56%
First Bancorp FBP $13.15 $17.00 29.28%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Below is a twelve month price history chart comparing the stock performance of EWBC, ABCB, and FBP: Combined, EWBC, ABCB, and FBP represent 7.15% of the Invesco KBW Regional Banking ETF. Three of KBWR's underlying holdings with notable upside to their analyst target prices are East West Bancorp, Inc (Symbol: EWBC), Ameris Bancorp (Symbol: ABCB), and First Bancorp (Symbol: FBP). Similarly, ABCB has 35.56% upside from the recent share price of $42.11 if the average analyst target price of $57.08/share is reached, and analysts on average are expecting FBP to reach a target price of $17.00/share, which is 29.28% above the recent price of $13.15. | Three of KBWR's underlying holdings with notable upside to their analyst target prices are East West Bancorp, Inc (Symbol: EWBC), Ameris Bancorp (Symbol: ABCB), and First Bancorp (Symbol: FBP). Below is a twelve month price history chart comparing the stock performance of EWBC, ABCB, and FBP: Combined, EWBC, ABCB, and FBP represent 7.15% of the Invesco KBW Regional Banking ETF. Invesco KBW Regional Banking ETF KBWR $56.70 $71.78 26.60% East West Bancorp, Inc EWBC $71.90 $99.67 38.62% Ameris Bancorp ABCB $42.11 $57.08 35.56% First Bancorp FBP $13.15 $17.00 29.28% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? | Similarly, ABCB has 35.56% upside from the recent share price of $42.11 if the average analyst target price of $57.08/share is reached, and analysts on average are expecting FBP to reach a target price of $17.00/share, which is 29.28% above the recent price of $13.15. Three of KBWR's underlying holdings with notable upside to their analyst target prices are East West Bancorp, Inc (Symbol: EWBC), Ameris Bancorp (Symbol: ABCB), and First Bancorp (Symbol: FBP). Below is a twelve month price history chart comparing the stock performance of EWBC, ABCB, and FBP: Combined, EWBC, ABCB, and FBP represent 7.15% of the Invesco KBW Regional Banking ETF. | Three of KBWR's underlying holdings with notable upside to their analyst target prices are East West Bancorp, Inc (Symbol: EWBC), Ameris Bancorp (Symbol: ABCB), and First Bancorp (Symbol: FBP). Similarly, ABCB has 35.56% upside from the recent share price of $42.11 if the average analyst target price of $57.08/share is reached, and analysts on average are expecting FBP to reach a target price of $17.00/share, which is 29.28% above the recent price of $13.15. Below is a twelve month price history chart comparing the stock performance of EWBC, ABCB, and FBP: Combined, EWBC, ABCB, and FBP represent 7.15% of the Invesco KBW Regional Banking ETF. |
27740.0 | 2022-04-26 00:00:00 UTC | Ameris Bancorp (ABCB) Q1 Earnings Match Estimates | ABCB | https://www.nasdaq.com/articles/ameris-bancorp-abcb-q1-earnings-match-estimates | nan | nan | Ameris Bancorp (ABCB) came out with quarterly earnings of $1.08 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.66 per share a year ago. These figures are adjusted for non-recurring items.
A quarter ago, it was expected that this bank would post earnings of $1.16 per share when it actually produced earnings of $1.17, delivering a surprise of 0.86%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Ameris Bancorp, which belongs to the Zacks Banks - Southeast industry, posted revenues of $259.46 million for the quarter ended March 2022, surpassing the Zacks Consensus Estimate by 7.50%. This compares to year-ago revenues of $282.95 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on theearnings call
Ameris Bancorp shares have lost about 17.1% since the beginning of the year versus the S&P 500's decline of -9.9%.
What's Next for Ameris Bancorp?
While Ameris Bancorp has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Ameris Bancorp: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.14 on $251.29 million in revenues for the coming quarter and $4.63 on $1.01 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southeast is currently in the top 10% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, First Reliance Bancshares Inc. (FSRL), is yet to report results for the quarter ended March 2022.
This company is expected to post quarterly earnings of $0.10 per share in its upcoming report, which represents a year-over-year change of -52.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
First Reliance Bancshares Inc.'s revenues are expected to be $9.24 million, down 6.9% from the year-ago quarter.
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Ameris Bancorp (ABCB): Free Stock Analysis Report
First Reliance Bancshares Inc. (FSRL): Free Stock Analysis Report
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Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ameris Bancorp (ABCB) came out with quarterly earnings of $1.08 per share, in line with the Zacks Consensus Estimate. Ameris Bancorp (ABCB): Free Stock Analysis Report The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on theearnings call Ameris Bancorp shares have lost about 17.1% since the beginning of the year versus the S&P 500's decline of -9.9%. | Ameris Bancorp (ABCB): Free Stock Analysis Report Ameris Bancorp (ABCB) came out with quarterly earnings of $1.08 per share, in line with the Zacks Consensus Estimate. Ameris Bancorp, which belongs to the Zacks Banks - Southeast industry, posted revenues of $259.46 million for the quarter ended March 2022, surpassing the Zacks Consensus Estimate by 7.50%. | Ameris Bancorp (ABCB) came out with quarterly earnings of $1.08 per share, in line with the Zacks Consensus Estimate. Ameris Bancorp (ABCB): Free Stock Analysis Report Ameris Bancorp, which belongs to the Zacks Banks - Southeast industry, posted revenues of $259.46 million for the quarter ended March 2022, surpassing the Zacks Consensus Estimate by 7.50%. | Ameris Bancorp (ABCB) came out with quarterly earnings of $1.08 per share, in line with the Zacks Consensus Estimate. Ameris Bancorp (ABCB): Free Stock Analysis Report Ameris Bancorp, which belongs to the Zacks Banks - Southeast industry, posted revenues of $259.46 million for the quarter ended March 2022, surpassing the Zacks Consensus Estimate by 7.50%. |
27741.0 | 2022-04-19 00:00:00 UTC | Analysts Estimate Ameris Bancorp (ABCB) to Report a Decline in Earnings: What to Look Out for | ABCB | https://www.nasdaq.com/articles/analysts-estimate-ameris-bancorp-abcb-to-report-a-decline-in-earnings%3A-what-to-look-out-2 | nan | nan | The market expects Ameris Bancorp (ABCB) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2022. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on April 26, 2022, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on theearnings callwill mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus Estimate
This bank is expected to post quarterly earnings of $1.08 per share in its upcoming report, which represents a year-over-year change of -34.9%.
Revenues are expected to be $241.35 million, down 14.7% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has been revised 0.66% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings Whisper
Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Ameris Bancorp?
For Ameris Bancorp, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -1.06%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination makes it difficult to conclusively predict that Ameris Bancorp will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?
Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Ameris Bancorp would post earnings of $1.16 per share when it actually produced earnings of $1.17, delivering a surprise of +0.86%.
Over the last four quarters, the company has beaten consensus EPS estimates three times.
Bottom Line
An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Ameris Bancorp doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The market expects Ameris Bancorp (ABCB) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2022. Ameris Bancorp (ABCB): Free Stock Analysis Report This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. | The market expects Ameris Bancorp (ABCB) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2022. Ameris Bancorp (ABCB): Free Stock Analysis Report Price, Consensus and EPS Surprise Earnings Whisper Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. | The market expects Ameris Bancorp (ABCB) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2022. Ameris Bancorp (ABCB): Free Stock Analysis Report Price, Consensus and EPS Surprise Earnings Whisper Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. | The market expects Ameris Bancorp (ABCB) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2022. Ameris Bancorp (ABCB): Free Stock Analysis Report Price, Consensus and EPS Surprise Earnings Whisper Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. |
27742.0 | 2022-04-07 00:00:00 UTC | Ameris Bancorp is Oversold | ABCB | https://www.nasdaq.com/articles/ameris-bancorp-is-oversold | nan | nan | The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. Ameris Bancorp (Symbol: ABCB) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.
But making Ameris Bancorp an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of ABCB entered into oversold territory, changing hands as low as $39.96 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of Ameris Bancorp, the RSI reading has hit 29.6 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 46.6. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. Indeed, ABCB's recent annualized dividend of 0.6/share (currently paid in quarterly installments) works out to an annual yield of 1.47% based upon the recent $40.76 share price.
A bullish investor could look at ABCB's 29.6 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on ABCB is its dividend history. In general, dividends are not always predictable; but, looking at the history chart below can help in judging whether the most recent dividend is likely to continue.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | A bullish investor could look at ABCB's 29.6 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Ameris Bancorp (Symbol: ABCB) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making Ameris Bancorp an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of ABCB entered into oversold territory, changing hands as low as $39.96 per share. | Indeed, ABCB's recent annualized dividend of 0.6/share (currently paid in quarterly installments) works out to an annual yield of 1.47% based upon the recent $40.76 share price. Ameris Bancorp (Symbol: ABCB) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making Ameris Bancorp an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of ABCB entered into oversold territory, changing hands as low as $39.96 per share. | Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on ABCB is its dividend history. Ameris Bancorp (Symbol: ABCB) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making Ameris Bancorp an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of ABCB entered into oversold territory, changing hands as low as $39.96 per share. | Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on ABCB is its dividend history. Ameris Bancorp (Symbol: ABCB) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making Ameris Bancorp an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of ABCB entered into oversold territory, changing hands as low as $39.96 per share. |
27743.0 | 2022-03-28 00:00:00 UTC | Add Up The Pieces: KBE Could Be Worth $65 | ABCB | https://www.nasdaq.com/articles/add-up-the-pieces%3A-kbe-could-be-worth-%2465 | nan | nan | Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the SPDR S&P Bank ETF (Symbol: KBE), we found that the implied analyst target price for the ETF based upon its underlying holdings is $64.81 per unit.
With KBE trading at a recent price near $54.50 per unit, that means that analysts see 18.91% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of KBE's underlying holdings with notable upside to their analyst target prices are First Bancorp (Symbol: FBP), Ameris Bancorp (Symbol: ABCB), and Cadence Bank (Symbol: CADE). Although FBP has traded at a recent price of $13.40/share, the average analyst target is 29.66% higher at $17.38/share. Similarly, ABCB has 28.87% upside from the recent share price of $44.94 if the average analyst target price of $57.92/share is reached, and analysts on average are expecting CADE to reach a target price of $37.33/share, which is 23.87% above the recent price of $30.14. Below is a twelve month price history chart comparing the stock performance of FBP, ABCB, and CADE:
Below is a summary table of the current analyst target prices discussed above:
NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
SPDR S&P Bank ETF KBE $54.50 $64.81 18.91%
First Bancorp FBP $13.40 $17.38 29.66%
Ameris Bancorp ABCB $44.94 $57.92 28.87%
Cadence Bank CADE $30.14 $37.33 23.87%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | SPDR S&P Bank ETF KBE $54.50 $64.81 18.91% First Bancorp FBP $13.40 $17.38 29.66% Ameris Bancorp ABCB $44.94 $57.92 28.87% Cadence Bank CADE $30.14 $37.33 23.87% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of KBE's underlying holdings with notable upside to their analyst target prices are First Bancorp (Symbol: FBP), Ameris Bancorp (Symbol: ABCB), and Cadence Bank (Symbol: CADE). Similarly, ABCB has 28.87% upside from the recent share price of $44.94 if the average analyst target price of $57.92/share is reached, and analysts on average are expecting CADE to reach a target price of $37.33/share, which is 23.87% above the recent price of $30.14. | Three of KBE's underlying holdings with notable upside to their analyst target prices are First Bancorp (Symbol: FBP), Ameris Bancorp (Symbol: ABCB), and Cadence Bank (Symbol: CADE). Similarly, ABCB has 28.87% upside from the recent share price of $44.94 if the average analyst target price of $57.92/share is reached, and analysts on average are expecting CADE to reach a target price of $37.33/share, which is 23.87% above the recent price of $30.14. SPDR S&P Bank ETF KBE $54.50 $64.81 18.91% First Bancorp FBP $13.40 $17.38 29.66% Ameris Bancorp ABCB $44.94 $57.92 28.87% Cadence Bank CADE $30.14 $37.33 23.87% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? | Similarly, ABCB has 28.87% upside from the recent share price of $44.94 if the average analyst target price of $57.92/share is reached, and analysts on average are expecting CADE to reach a target price of $37.33/share, which is 23.87% above the recent price of $30.14. Three of KBE's underlying holdings with notable upside to their analyst target prices are First Bancorp (Symbol: FBP), Ameris Bancorp (Symbol: ABCB), and Cadence Bank (Symbol: CADE). Below is a twelve month price history chart comparing the stock performance of FBP, ABCB, and CADE: Below is a summary table of the current analyst target prices discussed above: | SPDR S&P Bank ETF KBE $54.50 $64.81 18.91% First Bancorp FBP $13.40 $17.38 29.66% Ameris Bancorp ABCB $44.94 $57.92 28.87% Cadence Bank CADE $30.14 $37.33 23.87% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of KBE's underlying holdings with notable upside to their analyst target prices are First Bancorp (Symbol: FBP), Ameris Bancorp (Symbol: ABCB), and Cadence Bank (Symbol: CADE). Similarly, ABCB has 28.87% upside from the recent share price of $44.94 if the average analyst target price of $57.92/share is reached, and analysts on average are expecting CADE to reach a target price of $37.33/share, which is 23.87% above the recent price of $30.14. |
27744.0 | 2022-03-23 00:00:00 UTC | Are Investors Undervaluing Ameris Bancorp (ABCB) Right Now? | ABCB | https://www.nasdaq.com/articles/are-investors-undervaluing-ameris-bancorp-abcb-right-now | nan | nan | Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
One stock to keep an eye on is Ameris Bancorp (ABCB). ABCB is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock holds a P/E ratio of 9.98, while its industry has an average P/E of 11.53. Over the last 12 months, ABCB's Forward P/E has been as high as 13.55 and as low as 9.54, with a median of 11.35.
We should also highlight that ABCB has a P/B ratio of 1.09. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 1.70. Within the past 52 weeks, ABCB's P/B has been as high as 1.48 and as low as 1.04, with a median of 1.24.
Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. This is a prefered metric because revenue can't really be manipulated, so sales are often a truer performance indicator. ABCB has a P/S ratio of 3.04. This compares to its industry's average P/S of 3.19.
Finally, our model also underscores that ABCB has a P/CF ratio of 7.60. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 11.53. Over the past 52 weeks, ABCB's P/CF has been as high as 13.34 and as low as 6.98, with a median of 8.36.
These are only a few of the key metrics included in Ameris Bancorp's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, ABCB looks like an impressive value stock at the moment.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | One stock to keep an eye on is Ameris Bancorp (ABCB). ABCB is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. Over the last 12 months, ABCB's Forward P/E has been as high as 13.55 and as low as 9.54, with a median of 11.35. | Ameris Bancorp (ABCB): Free Stock Analysis Report One stock to keep an eye on is Ameris Bancorp (ABCB). ABCB is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. | Ameris Bancorp (ABCB): Free Stock Analysis Report One stock to keep an eye on is Ameris Bancorp (ABCB). ABCB is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. | ABCB has a P/S ratio of 3.04. One stock to keep an eye on is Ameris Bancorp (ABCB). ABCB is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. |
27745.0 | 2022-03-07 00:00:00 UTC | Should Value Investors Buy These Finance Stocks? | ABCB | https://www.nasdaq.com/articles/should-value-investors-buy-these-finance-stocks-21 | nan | nan | Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
Ameris Bancorp (ABCB) is a stock many investors are watching right now. ABCB is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock holds a P/E ratio of 10.47, while its industry has an average P/E of 11.62. Over the past 52 weeks, ABCB's Forward P/E has been as high as 13.55 and as low as 9.61, with a median of 11.45.
We should also highlight that ABCB has a P/B ratio of 1.14. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 1.73. ABCB's P/B has been as high as 1.48 and as low as 1.10, with a median of 1.25, over the past year.
Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. ABCB has a P/S ratio of 3.05. This compares to its industry's average P/S of 3.18.
Finally, we should also recognize that ABCB has a P/CF ratio of 8.20. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. ABCB's P/CF compares to its industry's average P/CF of 11.58. Over the past year, ABCB's P/CF has been as high as 13.34 and as low as 6.98, with a median of 8.63.
Investors could also keep in mind First BanCorp. (FBP), an Banks - Southeast stock with a Zacks Rank of # 2 (Buy) and Value grade of A.
First BanCorp. is trading at a forward earnings multiple of 9.50 at the moment, with a PEG ratio of 0.97. This compares to its industry's average P/E of 11.62 and average PEG ratio of 0.84.
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Ameris Bancorp (ABCB): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ameris Bancorp (ABCB) is a stock many investors are watching right now. ABCB is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. Over the past 52 weeks, ABCB's Forward P/E has been as high as 13.55 and as low as 9.61, with a median of 11.45. | Ameris Bancorp (ABCB): Free Stock Analysis Report Ameris Bancorp (ABCB) is a stock many investors are watching right now. ABCB is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. | Ameris Bancorp (ABCB) is a stock many investors are watching right now. ABCB is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. Over the past 52 weeks, ABCB's Forward P/E has been as high as 13.55 and as low as 9.61, with a median of 11.45. | ABCB has a P/S ratio of 3.05. Ameris Bancorp (ABCB) is a stock many investors are watching right now. ABCB is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. |
27746.0 | 2022-03-06 00:00:00 UTC | Validea's Top Five Financial Stocks Based On Joel Greenblatt - 3/6/2022 | ABCB | https://www.nasdaq.com/articles/valideas-top-five-financial-stocks-based-on-joel-greenblatt-3-6-2022 | nan | nan | The following are the top rated Financial stocks according to Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. This value model looks for companies with high return on capital and earnings yields.
ARES COMMERCIAL REAL ESTATE CORP (ACRE) is a small-cap value stock in the Consumer Financial Services industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Ares Commercial Real Estate Corporation is a specialty finance company. The Company is primarily engaged in originating and investing in commercial real estate loans and related investments. The Company operates through an operating segment primarily focused on directly originating and managing a diversified portfolio of commercial real estate (CRE) debt-related investments for the Company's own account. The Company's investments include senior mortgage loans, subordinated debt, preferred equity, mezzanine loans and other CRE investments, including commercial mortgage-backed securities. These investments are generally held for investment and are secured, directly or indirectly, by office, multifamily, retail, industrial, lodging, senior-living, self-storage, student housing, residential and other commercial real estate properties, or by ownership interests therein. The Company's portfolio is managed by Ares Commercial Real Estate Management LLC (the Manager).
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of ARES COMMERCIAL REAL ESTATE CORP
Full Guru Analysis for ACRE>
Full Factor Report for ACRE>
ACI WORLDWIDE INC (ACIW) is a mid-cap growth stock in the Consumer Financial Services industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: ACI Worldwide, Inc. develops, markets, installs, and supports a line of software products and solutions primarily focused on facilitating real-time digital payments. Its segments include ACI On Demand serves the needs of banks, merchants, and billers. These on-demand solutions are maintained and delivered through the cloud via its global data centers and is available in either a single-tenant environment for software as a service (SaaS) offering, or in a multi-tenant environment for platform as a service (PaaS) offerings; and ACI On Premise serves customers who manage their software on site or through a third-party public cloud environment. Its solutions include ACI Acquiring, ACI Issuing, ACI Enterprise Payments Platform, ACI Low Value Real-Time Payments, ACI High Value Real-Time Payments, ACI Omni Commerce, ACI Secure eCommerce, ACI Fraud Management, ACI Digital Business Banking, and ACI Speedpay.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of ACI WORLDWIDE INC
Full Guru Analysis for ACIW>
Full Factor Report for ACIW>
ARCH CAPITAL GROUP LTD. (ACGL) is a large-cap value stock in the Insurance (Prop. & Casualty) industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Arch Capital Group Ltd. (ACGL) provides insurance, reinsurance and mortgage insurance through its wholly owned subsidiaries. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company's segments include insurance, reinsurance, mortgage, other and corporate. The insurance segment's product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other. The reinsurance segment's product lines include casualty; marine and aviation; other specialty; property catastrophe; property excluding property catastrophe, and other. The mortgage segment includes United States and international mortgage insurance and reinsurance operations as well as government sponsored enterprise (GSE) credit-risk sharing transactions. The other segment includes the results of Watford Holdings Ltd. (Watford Re).
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of ARCH CAPITAL GROUP LTD.
Full Guru Analysis for ACGL>
Full Factor Report for ACGL>
ALLEGIANCE BANCSHARES INC (ABTX) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Allegiance Bancshares, Inc. is a bank holding company. Through its wholly owned subsidiary, Allegiance Bank (the Bank), the Company provides a range of commercial banking services primarily to small to medium-sized businesses within the Houston region, professionals and individual customers. It offers a range of commercial and retail lending services, including commercial loans, loans to small businesses, mortgage loans, home equity loans, personal loans and automobile loans, among others. It offers a variety of deposit products and services with an emphasis on small to medium-sized businesses. In addition to banking during normal business hours, the Company offers extended drive-through hours, automated teller machines (ATMs), mobile banking and banking by telephone, mail and Internet. It also provides safe deposit boxes, debit cards, cash management and wire transfer services, night depository, direct deposits, cashier's checks and letters of credit.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of ALLEGIANCE BANCSHARES INC
Full Guru Analysis for ABTX>
Full Factor Report for ABTX>
AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Ameris Bancorp is a financial holding company. The Company conducts its operations through its banking subsidiary, Ameris Bank (the Bank), which provides a range of banking services to its retail and commercial customers. The Company's segments include Banking Division, Retail Mortgage Division, Warehouse Lending Division, SBA Division and Premium Finance Division. The Banking Division includes delivery of financial services, including commercial loans, consumer loans and deposit accounts. The Retail Mortgage Division includes the sales and servicing of one-to-four family residential mortgage loans. The Warehouse Lending Division includes the origination and servicing of warehouse lines to other businesses that are secured by underlying one-to-four family residential mortgage loans. The SBA Division includes the sales and servicing of Small Business Administration (SBA) loans. The Premium Finance Division includes the servicing of commercial insurance premium finance loans.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of AMERIS BANCORP
Full Guru Analysis for ABCB>
Full Factor Report for ABCB>
More details on Validea's Joel Greenblatt strategy
Joel Greenblatt Stock Ideas
About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. The "Magic Formula," as he called it, produced back-tested returns of 30.8 percent per year from 1988 through 2004, more than doubling the S&P 500's 12.4 percent return during that time. Greenblatt also produced exceptional returns as managing partner at Gotham Capital, a New York City-based hedge fund he founded. The firm averaged a remarkable 40 percent annualized return over more than two decades.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Detailed Analysis of ALLEGIANCE BANCSHARES INC Full Guru Analysis for ABTX> Full Factor Report for ABTX> AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. Detailed Analysis of AMERIS BANCORP Full Guru Analysis for ABCB> Full Factor Report for ABCB> More details on Validea's Joel Greenblatt strategy Joel Greenblatt Stock Ideas About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. The following are the top rated Financial stocks according to Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. | Detailed Analysis of AMERIS BANCORP Full Guru Analysis for ABCB> Full Factor Report for ABCB> More details on Validea's Joel Greenblatt strategy Joel Greenblatt Stock Ideas About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. Detailed Analysis of ALLEGIANCE BANCSHARES INC Full Guru Analysis for ABTX> Full Factor Report for ABTX> AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. Detailed Analysis of ARES COMMERCIAL REAL ESTATE CORP Full Guru Analysis for ACRE> Full Factor Report for ACRE> ACI WORLDWIDE INC (ACIW) is a mid-cap growth stock in the Consumer Financial Services industry. | Detailed Analysis of AMERIS BANCORP Full Guru Analysis for ABCB> Full Factor Report for ABCB> More details on Validea's Joel Greenblatt strategy Joel Greenblatt Stock Ideas About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. Detailed Analysis of ALLEGIANCE BANCSHARES INC Full Guru Analysis for ABTX> Full Factor Report for ABTX> AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. Its solutions include ACI Acquiring, ACI Issuing, ACI Enterprise Payments Platform, ACI Low Value Real-Time Payments, ACI High Value Real-Time Payments, ACI Omni Commerce, ACI Secure eCommerce, ACI Fraud Management, ACI Digital Business Banking, and ACI Speedpay. | Detailed Analysis of AMERIS BANCORP Full Guru Analysis for ABCB> Full Factor Report for ABCB> More details on Validea's Joel Greenblatt strategy Joel Greenblatt Stock Ideas About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. Detailed Analysis of ALLEGIANCE BANCSHARES INC Full Guru Analysis for ABTX> Full Factor Report for ABTX> AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. The Company's segments include insurance, reinsurance, mortgage, other and corporate. |
27747.0 | 2022-03-01 00:00:00 UTC | All You Need to Know About Ameris Bancorp (ABCB) Rating Upgrade to Strong Buy | ABCB | https://www.nasdaq.com/articles/all-you-need-to-know-about-ameris-bancorp-abcb-rating-upgrade-to-strong-buy | nan | nan | Ameris Bancorp (ABCB) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.
The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.
Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements.
As such, the Zacks rating upgrade for Ameris Bancorp is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.
Most Powerful Force Impacting Stock Prices
The change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.
Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Ameris Bancorp imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.
Harnessing the Power of Earnings Estimate Revisions
As empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>>.
Earnings Estimate Revisions for Ameris Bancorp
For the fiscal year ending December 2022, this bank is expected to earn $4.58 per share, which is a change of -15.2% from the year-ago reported number.
Analysts have been steadily raising their estimates for Ameris Bancorp. Over the past three months, the Zacks Consensus Estimate for the company has increased 8.1%.
Bottom Line
Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a 'Strong Buy' rating and the next 15% get a 'Buy' rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of Ameris Bancorp to a Zacks Rank #1 positions it in the top 5% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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Ameris Bancorp (ABCB): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ameris Bancorp (ABCB) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). Ameris Bancorp (ABCB): Free Stock Analysis Report As such, the Zacks rating upgrade for Ameris Bancorp is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price. | Ameris Bancorp (ABCB) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). Ameris Bancorp (ABCB): Free Stock Analysis Report Most Powerful Force Impacting Stock Prices The change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. | Ameris Bancorp (ABCB) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). Ameris Bancorp (ABCB): Free Stock Analysis Report Most Powerful Force Impacting Stock Prices The change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. | Ameris Bancorp (ABCB) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). Ameris Bancorp (ABCB): Free Stock Analysis Report Harnessing the Power of Earnings Estimate Revisions As empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. |
27748.0 | 2022-02-25 00:00:00 UTC | Analysts Anticipate 16% Gains Ahead For KBWR | ABCB | https://www.nasdaq.com/articles/analysts-anticipate-16-gains-ahead-for-kbwr | nan | nan | Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the Invesco KBW Regional Banking ETF (Symbol: KBWR), we found that the implied analyst target price for the ETF based upon its underlying holdings is $72.24 per unit.
With KBWR trading at a recent price near $62.39 per unit, that means that analysts see 15.79% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of KBWR's underlying holdings with notable upside to their analyst target prices are Ameris Bancorp (Symbol: ABCB), Hancock Whitney Corp (Symbol: HWC), and Popular Inc. (Symbol: BPOP). Although ABCB has traded at a recent price of $47.71/share, the average analyst target is 23.14% higher at $58.75/share. Similarly, HWC has 21.46% upside from the recent share price of $53.40 if the average analyst target price of $64.86/share is reached, and analysts on average are expecting BPOP to reach a target price of $103.20/share, which is 18.44% above the recent price of $87.13. Below is a twelve month price history chart comparing the stock performance of ABCB, HWC, and BPOP:
Combined, ABCB, HWC, and BPOP represent 5.98% of the Invesco KBW Regional Banking ETF. Below is a summary table of the current analyst target prices discussed above:
NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
Invesco KBW Regional Banking ETF KBWR $62.39 $72.24 15.79%
Ameris Bancorp ABCB $47.71 $58.75 23.14%
Hancock Whitney Corp HWC $53.40 $64.86 21.46%
Popular Inc. BPOP $87.13 $103.20 18.44%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Below is a twelve month price history chart comparing the stock performance of ABCB, HWC, and BPOP: Combined, ABCB, HWC, and BPOP represent 5.98% of the Invesco KBW Regional Banking ETF. Invesco KBW Regional Banking ETF KBWR $62.39 $72.24 15.79% Ameris Bancorp ABCB $47.71 $58.75 23.14% Hancock Whitney Corp HWC $53.40 $64.86 21.46% Popular Inc. BPOP $87.13 $103.20 18.44% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of KBWR's underlying holdings with notable upside to their analyst target prices are Ameris Bancorp (Symbol: ABCB), Hancock Whitney Corp (Symbol: HWC), and Popular Inc. (Symbol: BPOP). | Three of KBWR's underlying holdings with notable upside to their analyst target prices are Ameris Bancorp (Symbol: ABCB), Hancock Whitney Corp (Symbol: HWC), and Popular Inc. (Symbol: BPOP). Below is a twelve month price history chart comparing the stock performance of ABCB, HWC, and BPOP: Combined, ABCB, HWC, and BPOP represent 5.98% of the Invesco KBW Regional Banking ETF. Invesco KBW Regional Banking ETF KBWR $62.39 $72.24 15.79% Ameris Bancorp ABCB $47.71 $58.75 23.14% Hancock Whitney Corp HWC $53.40 $64.86 21.46% Popular Inc. BPOP $87.13 $103.20 18.44% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? | Three of KBWR's underlying holdings with notable upside to their analyst target prices are Ameris Bancorp (Symbol: ABCB), Hancock Whitney Corp (Symbol: HWC), and Popular Inc. (Symbol: BPOP). Although ABCB has traded at a recent price of $47.71/share, the average analyst target is 23.14% higher at $58.75/share. Below is a twelve month price history chart comparing the stock performance of ABCB, HWC, and BPOP: Combined, ABCB, HWC, and BPOP represent 5.98% of the Invesco KBW Regional Banking ETF. | Although ABCB has traded at a recent price of $47.71/share, the average analyst target is 23.14% higher at $58.75/share. Three of KBWR's underlying holdings with notable upside to their analyst target prices are Ameris Bancorp (Symbol: ABCB), Hancock Whitney Corp (Symbol: HWC), and Popular Inc. (Symbol: BPOP). Below is a twelve month price history chart comparing the stock performance of ABCB, HWC, and BPOP: Combined, ABCB, HWC, and BPOP represent 5.98% of the Invesco KBW Regional Banking ETF. |
27749.0 | 2022-02-10 00:00:00 UTC | ABCB Crosses Above Key Moving Average Level | ABCB | https://www.nasdaq.com/articles/abcb-crosses-above-key-moving-average-level | nan | nan | In trading on Thursday, shares of Ameris Bancorp (Symbol: ABCB) crossed above their 200 day moving average of $51.40, changing hands as high as $52.03 per share. Ameris Bancorp shares are currently trading up about 0.4% on the day. The chart below shows the one year performance of ABCB shares, versus its 200 day moving average:
Looking at the chart above, ABCB's low point in its 52 week range is $44.68 per share, with $59.85 as the 52 week high point — that compares with a last trade of $51.34.
Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Thursday, shares of Ameris Bancorp (Symbol: ABCB) crossed above their 200 day moving average of $51.40, changing hands as high as $52.03 per share. The chart below shows the one year performance of ABCB shares, versus its 200 day moving average: Looking at the chart above, ABCB's low point in its 52 week range is $44.68 per share, with $59.85 as the 52 week high point — that compares with a last trade of $51.34. Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Thursday, shares of Ameris Bancorp (Symbol: ABCB) crossed above their 200 day moving average of $51.40, changing hands as high as $52.03 per share. The chart below shows the one year performance of ABCB shares, versus its 200 day moving average: Looking at the chart above, ABCB's low point in its 52 week range is $44.68 per share, with $59.85 as the 52 week high point — that compares with a last trade of $51.34. Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Thursday, shares of Ameris Bancorp (Symbol: ABCB) crossed above their 200 day moving average of $51.40, changing hands as high as $52.03 per share. The chart below shows the one year performance of ABCB shares, versus its 200 day moving average: Looking at the chart above, ABCB's low point in its 52 week range is $44.68 per share, with $59.85 as the 52 week high point — that compares with a last trade of $51.34. Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Thursday, shares of Ameris Bancorp (Symbol: ABCB) crossed above their 200 day moving average of $51.40, changing hands as high as $52.03 per share. The chart below shows the one year performance of ABCB shares, versus its 200 day moving average: Looking at the chart above, ABCB's low point in its 52 week range is $44.68 per share, with $59.85 as the 52 week high point — that compares with a last trade of $51.34. Ameris Bancorp shares are currently trading up about 0.4% on the day. |
27750.0 | 2022-02-09 00:00:00 UTC | Is Signature Bank (SBNY) Outperforming Other Finance Stocks This Year? | ABCB | https://www.nasdaq.com/articles/is-signature-bank-sbny-outperforming-other-finance-stocks-this-year | nan | nan | Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Has Signature Bank (SBNY) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question.
Signature Bank is one of 899 individual stocks in the Finance sector. Collectively, these companies sit at #3 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Signature Bank is currently sporting a Zacks Rank of #1 (Strong Buy).
Within the past quarter, the Zacks Consensus Estimate for SBNY's full-year earnings has moved 13.8% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Our latest available data shows that SBNY has returned about 4.3% since the start of the calendar year. Meanwhile, the Finance sector has returned an average of 1.3% on a year-to-date basis. This means that Signature Bank is performing better than its sector in terms of year-to-date returns.
One other Finance stock that has outperformed the sector so far this year is Ameris Bancorp (ABCB). The stock is up 2.2% year-to-date.
In Ameris Bancorp's case, the consensus EPS estimate for the current year increased 8.1% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, Signature Bank belongs to the Banks - Northeast industry, which includes 90 individual stocks and currently sits at #30 in the Zacks Industry Rank. On average, this group has gained an average of 4.3% so far this year, meaning that SBNY is slightly underperforming its industry in terms of year-to-date returns.
Ameris Bancorp, however, belongs to the Banks - Southeast industry. Currently, this 66-stock industry is ranked #36. The industry has moved +4.9% so far this year.
Investors with an interest in Finance stocks should continue to track Signature Bank and Ameris Bancorp. These stocks will be looking to continue their solid performance.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
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Signature Bank (SBNY): Free Stock Analysis Report
Ameris Bancorp (ABCB): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | One other Finance stock that has outperformed the sector so far this year is Ameris Bancorp (ABCB). Ameris Bancorp (ABCB): Free Stock Analysis Report In Ameris Bancorp's case, the consensus EPS estimate for the current year increased 8.1% over the past three months. | Ameris Bancorp (ABCB): Free Stock Analysis Report One other Finance stock that has outperformed the sector so far this year is Ameris Bancorp (ABCB). Looking more specifically, Signature Bank belongs to the Banks - Northeast industry, which includes 90 individual stocks and currently sits at #30 in the Zacks Industry Rank. | One other Finance stock that has outperformed the sector so far this year is Ameris Bancorp (ABCB). Ameris Bancorp (ABCB): Free Stock Analysis Report Signature Bank is one of 899 individual stocks in the Finance sector. | One other Finance stock that has outperformed the sector so far this year is Ameris Bancorp (ABCB). Ameris Bancorp (ABCB): Free Stock Analysis Report Has Signature Bank (SBNY) been one of those stocks this year? |
27751.0 | 2022-02-08 00:00:00 UTC | Dubai Islamic Bank gives initial price guidance for dollar sukuk | ABCB | https://www.nasdaq.com/articles/dubai-islamic-bank-gives-initial-price-guidance-for-dollar-sukuk | nan | nan | DUBAI, Feb 8 (Reuters) - Dubai Islamic Bank DISB.DU, the United Arab Emirates' largest Islamic lender, gave initial price guidance of around 120 basis points over U.S. Treasuries for five-year dollar-denominated Islamic bonds, a document showed on Tuesday.
The sukuk are expected to launch later on Tuesday, the document from one of the banks on the deal showed.
Bank ABC ABCB.BH, Dubai Islamic Bank, Emirates NBD Capital ENBD.DU, First Abu Dhabi Bank FAB.AD, KFH Capital KFH.KW, HSBC HSBA.L, Sharjah Islamic Bank SIB.AD, Standard Chartered STAN.L and The Islamic Corporation for the Development of the Private Sector are arranging the deal.
(Reporting by Yousef Saba; Editing by Muralikumar Anantharaman)
((Yousef.Saba@thomsonreuters.com; +971562166204; https://twitter.com/YousefSaba))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Bank ABC ABCB.BH, Dubai Islamic Bank, Emirates NBD Capital ENBD.DU, First Abu Dhabi Bank FAB.AD, KFH Capital KFH.KW, HSBC HSBA.L, Sharjah Islamic Bank SIB.AD, Standard Chartered STAN.L and The Islamic Corporation for the Development of the Private Sector are arranging the deal. DUBAI, Feb 8 (Reuters) - Dubai Islamic Bank DISB.DU, the United Arab Emirates' largest Islamic lender, gave initial price guidance of around 120 basis points over U.S. Treasuries for five-year dollar-denominated Islamic bonds, a document showed on Tuesday. The sukuk are expected to launch later on Tuesday, the document from one of the banks on the deal showed. | Bank ABC ABCB.BH, Dubai Islamic Bank, Emirates NBD Capital ENBD.DU, First Abu Dhabi Bank FAB.AD, KFH Capital KFH.KW, HSBC HSBA.L, Sharjah Islamic Bank SIB.AD, Standard Chartered STAN.L and The Islamic Corporation for the Development of the Private Sector are arranging the deal. DUBAI, Feb 8 (Reuters) - Dubai Islamic Bank DISB.DU, the United Arab Emirates' largest Islamic lender, gave initial price guidance of around 120 basis points over U.S. Treasuries for five-year dollar-denominated Islamic bonds, a document showed on Tuesday. The sukuk are expected to launch later on Tuesday, the document from one of the banks on the deal showed. | Bank ABC ABCB.BH, Dubai Islamic Bank, Emirates NBD Capital ENBD.DU, First Abu Dhabi Bank FAB.AD, KFH Capital KFH.KW, HSBC HSBA.L, Sharjah Islamic Bank SIB.AD, Standard Chartered STAN.L and The Islamic Corporation for the Development of the Private Sector are arranging the deal. DUBAI, Feb 8 (Reuters) - Dubai Islamic Bank DISB.DU, the United Arab Emirates' largest Islamic lender, gave initial price guidance of around 120 basis points over U.S. Treasuries for five-year dollar-denominated Islamic bonds, a document showed on Tuesday. (Reporting by Yousef Saba; Editing by Muralikumar Anantharaman) ((Yousef.Saba@thomsonreuters.com; +971562166204; https://twitter.com/YousefSaba)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Bank ABC ABCB.BH, Dubai Islamic Bank, Emirates NBD Capital ENBD.DU, First Abu Dhabi Bank FAB.AD, KFH Capital KFH.KW, HSBC HSBA.L, Sharjah Islamic Bank SIB.AD, Standard Chartered STAN.L and The Islamic Corporation for the Development of the Private Sector are arranging the deal. DUBAI, Feb 8 (Reuters) - Dubai Islamic Bank DISB.DU, the United Arab Emirates' largest Islamic lender, gave initial price guidance of around 120 basis points over U.S. Treasuries for five-year dollar-denominated Islamic bonds, a document showed on Tuesday. The sukuk are expected to launch later on Tuesday, the document from one of the banks on the deal showed. |
27752.0 | 2022-02-07 00:00:00 UTC | Dubai Islamic Bank hires banks for five-year sukuk sale - document | ABCB | https://www.nasdaq.com/articles/dubai-islamic-bank-hires-banks-for-five-year-sukuk-sale-document | nan | nan | DUBAI, Feb 7 (Reuters) - Dubai Islamic Bank DISB.DU, the United Arab Emirates' largest Islamic lender, has hired banks to arrange a sale of five-year U.S. dollar-denominated sukuk, a document showed on Monday.
Bank ABC ABCB.BH, Dubai Islamic Bank, Emirates NBD Capital ENBD.DU, First Abu Dhabi Bank FAB.AD, KFH Capital KFH.KW, HSBC HSBA.L, Sharjah Islamic Bank SIB.AD, Standard Chartered STAN.L and The Islamic Corporation for the Development of the Private Sector will arrange investor calls starting on Monday, the document from one of the banks showed.
An benchmark issuance, typically at least $500 million, of senior unsecured sukuk will follow, subject to market conditions, the document said.
(Reporting by Yousef Saba; Editing by Sherry Jacob-Phillips)
((Yousef.Saba@thomsonreuters.com; +971562166204; https://twitter.com/YousefSaba))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Bank ABC ABCB.BH, Dubai Islamic Bank, Emirates NBD Capital ENBD.DU, First Abu Dhabi Bank FAB.AD, KFH Capital KFH.KW, HSBC HSBA.L, Sharjah Islamic Bank SIB.AD, Standard Chartered STAN.L and The Islamic Corporation for the Development of the Private Sector will arrange investor calls starting on Monday, the document from one of the banks showed. DUBAI, Feb 7 (Reuters) - Dubai Islamic Bank DISB.DU, the United Arab Emirates' largest Islamic lender, has hired banks to arrange a sale of five-year U.S. dollar-denominated sukuk, a document showed on Monday. An benchmark issuance, typically at least $500 million, of senior unsecured sukuk will follow, subject to market conditions, the document said. | Bank ABC ABCB.BH, Dubai Islamic Bank, Emirates NBD Capital ENBD.DU, First Abu Dhabi Bank FAB.AD, KFH Capital KFH.KW, HSBC HSBA.L, Sharjah Islamic Bank SIB.AD, Standard Chartered STAN.L and The Islamic Corporation for the Development of the Private Sector will arrange investor calls starting on Monday, the document from one of the banks showed. DUBAI, Feb 7 (Reuters) - Dubai Islamic Bank DISB.DU, the United Arab Emirates' largest Islamic lender, has hired banks to arrange a sale of five-year U.S. dollar-denominated sukuk, a document showed on Monday. (Reporting by Yousef Saba; Editing by Sherry Jacob-Phillips) ((Yousef.Saba@thomsonreuters.com; +971562166204; https://twitter.com/YousefSaba)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Bank ABC ABCB.BH, Dubai Islamic Bank, Emirates NBD Capital ENBD.DU, First Abu Dhabi Bank FAB.AD, KFH Capital KFH.KW, HSBC HSBA.L, Sharjah Islamic Bank SIB.AD, Standard Chartered STAN.L and The Islamic Corporation for the Development of the Private Sector will arrange investor calls starting on Monday, the document from one of the banks showed. DUBAI, Feb 7 (Reuters) - Dubai Islamic Bank DISB.DU, the United Arab Emirates' largest Islamic lender, has hired banks to arrange a sale of five-year U.S. dollar-denominated sukuk, a document showed on Monday. (Reporting by Yousef Saba; Editing by Sherry Jacob-Phillips) ((Yousef.Saba@thomsonreuters.com; +971562166204; https://twitter.com/YousefSaba)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Bank ABC ABCB.BH, Dubai Islamic Bank, Emirates NBD Capital ENBD.DU, First Abu Dhabi Bank FAB.AD, KFH Capital KFH.KW, HSBC HSBA.L, Sharjah Islamic Bank SIB.AD, Standard Chartered STAN.L and The Islamic Corporation for the Development of the Private Sector will arrange investor calls starting on Monday, the document from one of the banks showed. DUBAI, Feb 7 (Reuters) - Dubai Islamic Bank DISB.DU, the United Arab Emirates' largest Islamic lender, has hired banks to arrange a sale of five-year U.S. dollar-denominated sukuk, a document showed on Monday. An benchmark issuance, typically at least $500 million, of senior unsecured sukuk will follow, subject to market conditions, the document said. |
27753.0 | 2022-02-06 00:00:00 UTC | Validea's Top Five Financial Stocks Based On Joel Greenblatt - 2/6/2022 | ABCB | https://www.nasdaq.com/articles/valideas-top-five-financial-stocks-based-on-joel-greenblatt-2-6-2022 | nan | nan | The following are the top rated Financial stocks according to Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. This value model looks for companies with high return on capital and earnings yields.
ACI WORLDWIDE INC (ACIW) is a mid-cap growth stock in the Consumer Financial Services industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: ACI Worldwide, Inc. develops, markets, installs, and supports a line of software products and solutions primarily focused on facilitating real-time digital payments. Its segments include ACI On Demand serves the needs of banks, merchants, and billers. These on-demand solutions are maintained and delivered through the cloud via its global data centers and is available in either a single-tenant environment for software as a service (SaaS) offering, or in a multi-tenant environment for platform as a service (PaaS) offerings; and ACI On Premise serves customers who manage their software on site or through a third-party public cloud environment. Its solutions include ACI Acquiring, ACI Issuing, ACI Enterprise Payments Platform, ACI Low Value Real-Time Payments, ACI High Value Real-Time Payments, ACI Omni Commerce, ACI Secure eCommerce, ACI Fraud Management, ACI Digital Business Banking, and ACI Speedpay.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of ACI WORLDWIDE INC
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ARCH CAPITAL GROUP LTD. (ACGL) is a large-cap value stock in the Insurance (Prop. & Casualty) industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Arch Capital Group Ltd. (ACGL) provides insurance, reinsurance and mortgage insurance through its wholly owned subsidiaries. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company's segments include insurance, reinsurance, mortgage, other and corporate. The insurance segment's product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other. The reinsurance segment's product lines include casualty; marine and aviation; other specialty; property catastrophe; property excluding property catastrophe, and other. The mortgage segment includes United States and international mortgage insurance and reinsurance operations as well as government sponsored enterprise (GSE) credit-risk sharing transactions. The other segment includes the results of Watford Holdings Ltd. (Watford Re).
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of ARCH CAPITAL GROUP LTD.
Full Guru Analysis for ACGL>
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ATLANTIC CAPITAL BANCSHARES INC (ACBI) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Atlantic Capital Bancshares, Inc. is a bank holding company. The Company offers commercial and not-for-profit banking services, specialty corporate financial services, private banking services and commercial real estate finance solutions to privately held companies and individuals in the Atlanta area, as well as specialized financial services for select clients nationally. It offers a range of commercial and business banking products to fund its Georgia-based clients' capital expenditures, working capital requirements and corporate finance activities. Though its fintech, payments and treasury services teams it provides an array of payment processing solutions, treasury management and deposit services. Through its commercial real estate team, it offers treasury management services and a variety of loan products, including secured construction loans, secured mini permanent loans and secured or unsecured lines of credit.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of ATLANTIC CAPITAL BANCSHARES INC
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ALLEGIANCE BANCSHARES INC (ABTX) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Allegiance Bancshares, Inc. is a bank holding company. Through its wholly owned subsidiary, Allegiance Bank (the Bank), the Company provides a range of commercial banking services primarily to small to medium-sized businesses within the Houston region, professionals and individual customers. It offers a range of commercial and retail lending services, including commercial loans, loans to small businesses, mortgage loans, home equity loans, personal loans and automobile loans, among others. It offers a variety of deposit products and services with an emphasis on small to medium-sized businesses. In addition to banking during normal business hours, the Company offers extended drive-through hours, automated teller machines (ATMs), mobile banking and banking by telephone, mail and Internet. It also provides safe deposit boxes, debit cards, cash management and wire transfer services, night depository, direct deposits, cashier's checks and letters of credit.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of ALLEGIANCE BANCSHARES INC
Full Guru Analysis for ABTX>
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AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Ameris Bancorp is a financial holding company. The Company conducts its operations through its banking subsidiary, Ameris Bank (the Bank), which provides a range of banking services to its retail and commercial customers. The Company's segments include Banking Division, Retail Mortgage Division, Warehouse Lending Division, SBA Division and Premium Finance Division. The Banking Division includes delivery of financial services, including commercial loans, consumer loans and deposit accounts. The Retail Mortgage Division includes the sales and servicing of one-to-four family residential mortgage loans. The Warehouse Lending Division includes the origination and servicing of warehouse lines to other businesses that are secured by underlying one-to-four family residential mortgage loans. The SBA Division includes the sales and servicing of Small Business Administration (SBA) loans. The Premium Finance Division includes the servicing of commercial insurance premium finance loans.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of AMERIS BANCORP
Full Guru Analysis for ABCB>
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More details on Validea's Joel Greenblatt strategy
Joel Greenblatt Stock Ideas
About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. The "Magic Formula," as he called it, produced back-tested returns of 30.8 percent per year from 1988 through 2004, more than doubling the S&P 500's 12.4 percent return during that time. Greenblatt also produced exceptional returns as managing partner at Gotham Capital, a New York City-based hedge fund he founded. The firm averaged a remarkable 40 percent annualized return over more than two decades.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Detailed Analysis of ALLEGIANCE BANCSHARES INC Full Guru Analysis for ABTX> Full Factor Report for ABTX> AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. Detailed Analysis of AMERIS BANCORP Full Guru Analysis for ABCB> Full Factor Report for ABCB> More details on Validea's Joel Greenblatt strategy Joel Greenblatt Stock Ideas About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. The following are the top rated Financial stocks according to Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. | Detailed Analysis of AMERIS BANCORP Full Guru Analysis for ABCB> Full Factor Report for ABCB> More details on Validea's Joel Greenblatt strategy Joel Greenblatt Stock Ideas About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. Detailed Analysis of ALLEGIANCE BANCSHARES INC Full Guru Analysis for ABTX> Full Factor Report for ABTX> AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. Its solutions include ACI Acquiring, ACI Issuing, ACI Enterprise Payments Platform, ACI Low Value Real-Time Payments, ACI High Value Real-Time Payments, ACI Omni Commerce, ACI Secure eCommerce, ACI Fraud Management, ACI Digital Business Banking, and ACI Speedpay. | Detailed Analysis of AMERIS BANCORP Full Guru Analysis for ABCB> Full Factor Report for ABCB> More details on Validea's Joel Greenblatt strategy Joel Greenblatt Stock Ideas About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. Detailed Analysis of ALLEGIANCE BANCSHARES INC Full Guru Analysis for ABTX> Full Factor Report for ABTX> AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. Its solutions include ACI Acquiring, ACI Issuing, ACI Enterprise Payments Platform, ACI Low Value Real-Time Payments, ACI High Value Real-Time Payments, ACI Omni Commerce, ACI Secure eCommerce, ACI Fraud Management, ACI Digital Business Banking, and ACI Speedpay. | Detailed Analysis of AMERIS BANCORP Full Guru Analysis for ABCB> Full Factor Report for ABCB> More details on Validea's Joel Greenblatt strategy Joel Greenblatt Stock Ideas About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. Detailed Analysis of ALLEGIANCE BANCSHARES INC Full Guru Analysis for ABTX> Full Factor Report for ABTX> AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. The following are the top rated Financial stocks according to Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. |
27754.0 | 2022-02-01 00:00:00 UTC | Ameris Bancorp (ABCB) Could Find Support Soon, Here's Why You Should Buy the Stock Now | ABCB | https://www.nasdaq.com/articles/ameris-bancorp-abcb-could-find-support-soon-heres-why-you-should-buy-the-stock-now | nan | nan | A downtrend has been apparent in Ameris Bancorp (ABCB) lately. While the stock has lost 10.8% over the past two weeks, it could witness a trend reversal as a hammer chart pattern was formed in its last trading session. This could mean that the bulls have been able to counteract the bears to help the stock find support.
While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street analysts about the future earnings of this bank is a solid fundamental factor that enhances the prospects of a trend reversal for the stock.
Understanding Hammer Chart and the Technique to Trade It
This is one of the popular price patterns in candlestick charting. A minor difference between the opening and closing prices forms a small candle body, and a higher difference between the low of the day and the open or close forms a long lower wick (or vertical line). The length of the lower wick being at least twice the length of the real body, the candle resembles a 'hammer.'
In simple terms, during a downtrend, with bears having absolute control, a stock usually opens lower compared to the previous day's close, and again closes lower. On the day the hammer pattern is formed, maintaining the downtrend, the stock makes a new low. However, after eventually finding support at the low of the day, some amount of buying interest emerges, pushing the stock up to close the session near or slightly above its opening price.
When it occurs at the bottom of a downtrend, this pattern signals that the bears might have lost control over the price. And, the success of bulls in stopping the price from falling further indicates a potential trend reversal.
Hammer candles can occur on any timeframe -- such as one-minute, daily, weekly -- and are utilized by both short-term as well as long-term investors.
Like every technical indicator, the hammer chart pattern has its limitations. Particularly, as the strength of a hammer depends on its placement on the chart, it should always be used in conjunction with other bullish indicators.
Here's What Increases the Odds of a Turnaround for ABCB
An upward trend in earnings estimate revisions that ABCB has been witnessing lately can certainly be considered a bullish indicator on the fundamental side. That's because empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
Over the last 30 days, the consensus EPS estimate for the current year has increased 2.9%. What it means is that the sell-side analysts covering ABCB are majorly in agreement that the company will report better earnings than they predicted earlier.
If this is not enough, you should note that ABCB currently has a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. And stocks carrying a Zacks Rank #1 or 2 usually outperform the market. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Moreover, a Zacks Rank of 1 for Ameris Bancorp is a more conclusive indication of a potential trend reversal, as the Zacks Rank has proven to be an excellent timing indicator that helps investors identify precisely when a company's prospects are beginning to improve.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | A downtrend has been apparent in Ameris Bancorp (ABCB) lately. Here's What Increases the Odds of a Turnaround for ABCB An upward trend in earnings estimate revisions that ABCB has been witnessing lately can certainly be considered a bullish indicator on the fundamental side. What it means is that the sell-side analysts covering ABCB are majorly in agreement that the company will report better earnings than they predicted earlier. | A downtrend has been apparent in Ameris Bancorp (ABCB) lately. Here's What Increases the Odds of a Turnaround for ABCB An upward trend in earnings estimate revisions that ABCB has been witnessing lately can certainly be considered a bullish indicator on the fundamental side. What it means is that the sell-side analysts covering ABCB are majorly in agreement that the company will report better earnings than they predicted earlier. | If this is not enough, you should note that ABCB currently has a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. A downtrend has been apparent in Ameris Bancorp (ABCB) lately. Here's What Increases the Odds of a Turnaround for ABCB An upward trend in earnings estimate revisions that ABCB has been witnessing lately can certainly be considered a bullish indicator on the fundamental side. | Here's What Increases the Odds of a Turnaround for ABCB An upward trend in earnings estimate revisions that ABCB has been witnessing lately can certainly be considered a bullish indicator on the fundamental side. A downtrend has been apparent in Ameris Bancorp (ABCB) lately. What it means is that the sell-side analysts covering ABCB are majorly in agreement that the company will report better earnings than they predicted earlier. |
27755.0 | 2022-01-27 00:00:00 UTC | Ameris Bancorp (ABCB) Tops Q4 Earnings and Revenue Estimates | ABCB | https://www.nasdaq.com/articles/ameris-bancorp-abcb-tops-q4-earnings-and-revenue-estimates | nan | nan | Ameris Bancorp (ABCB) came out with quarterly earnings of $1.17 per share, beating the Zacks Consensus Estimate of $1.16 per share. This compares to earnings of $1.47 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 0.86%. A quarter ago, it was expected that this bank would post earnings of $1.20 per share when it actually produced earnings of $1.20, delivering no surprise.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Ameris Bancorp, which belongs to the Zacks Banks - Southeast industry, posted revenues of $248.61 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 2.46%. This compares to year-ago revenues of $275.6 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Ameris Bancorp shares have added about 3.1% since the beginning of the year versus the S&P 500's decline of -8.7%.
What's Next for Ameris Bancorp?
While Ameris Bancorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Ameris Bancorp: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.07 on $242.15 million in revenues for the coming quarter and $4.48 on $1.01 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southeast is currently in the top 7% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the broader Zacks Finance sector, Gladstone Commercial (GOOD), has yet to report results for the quarter ended December 2021. The results are expected to be released on February 15.
This real estate investment trust is expected to post quarterly earnings of $0.39 per share in its upcoming report, which represents a year-over-year change of +2.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Gladstone Commercial's revenues are expected to be $36.02 million, up 9.6% from the year-ago quarter.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ameris Bancorp (ABCB) came out with quarterly earnings of $1.17 per share, beating the Zacks Consensus Estimate of $1.16 per share. Ameris Bancorp (ABCB): Free Stock Analysis Report While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. | Ameris Bancorp (ABCB): Free Stock Analysis Report Ameris Bancorp (ABCB) came out with quarterly earnings of $1.17 per share, beating the Zacks Consensus Estimate of $1.16 per share. Ameris Bancorp, which belongs to the Zacks Banks - Southeast industry, posted revenues of $248.61 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 2.46%. | Ameris Bancorp (ABCB) came out with quarterly earnings of $1.17 per share, beating the Zacks Consensus Estimate of $1.16 per share. Ameris Bancorp (ABCB): Free Stock Analysis Report Ameris Bancorp, which belongs to the Zacks Banks - Southeast industry, posted revenues of $248.61 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 2.46%. | Ameris Bancorp (ABCB) came out with quarterly earnings of $1.17 per share, beating the Zacks Consensus Estimate of $1.16 per share. Ameris Bancorp (ABCB): Free Stock Analysis Report Ameris Bancorp, which belongs to the Zacks Banks - Southeast industry, posted revenues of $248.61 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 2.46%. |
27756.0 | 2022-01-26 00:00:00 UTC | Spirit of Texas (STXB) Q4 Earnings and Revenues Top Estimates | ABCB | https://www.nasdaq.com/articles/spirit-of-texas-stxb-q4-earnings-and-revenues-top-estimates | nan | nan | Spirit of Texas (STXB) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.72 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 1.85%. A quarter ago, it was expected that this company would post earnings of $0.62 per share when it actually produced earnings of $0.59, delivering a surprise of -4.84%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Spirit of Texas, which belongs to the Zacks Banks - Southeast industry, posted revenues of $32.78 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 5.07%. This compares to year-ago revenues of $38.65 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Spirit of Texas shares have added about 0.2% since the beginning of the year versus the S&P 500's decline of -8.6%.
What's Next for Spirit of Texas?
While Spirit of Texas has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Spirit of Texas: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.52 on $31.2 million in revenues for the coming quarter and $2.17 on $128.3 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southeast is currently in the top 6% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Ameris Bancorp (ABCB), has yet to report results for the quarter ended December 2021. The results are expected to be released on January 27.
This bank is expected to post quarterly earnings of $1.16 per share in its upcoming report, which represents a year-over-year change of -21.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Ameris Bancorp's revenues are expected to be $242.64 million, down 12% from the year-ago quarter.
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Spirit of Texas Bancshares, Inc. (STXB): Free Stock Analysis Report
Ameris Bancorp (ABCB): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Another stock from the same industry, Ameris Bancorp (ABCB), has yet to report results for the quarter ended December 2021. Ameris Bancorp (ABCB): Free Stock Analysis Report Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. | Ameris Bancorp (ABCB): Free Stock Analysis Report Another stock from the same industry, Ameris Bancorp (ABCB), has yet to report results for the quarter ended December 2021. Spirit of Texas, which belongs to the Zacks Banks - Southeast industry, posted revenues of $32.78 million for the quarter ended December 2021, surpassing the Zacks Consensus Estimate by 5.07%. | Another stock from the same industry, Ameris Bancorp (ABCB), has yet to report results for the quarter ended December 2021. Ameris Bancorp (ABCB): Free Stock Analysis Report Spirit of Texas (STXB) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.54 per share. | Another stock from the same industry, Ameris Bancorp (ABCB), has yet to report results for the quarter ended December 2021. Ameris Bancorp (ABCB): Free Stock Analysis Report While Spirit of Texas has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? |
27757.0 | 2022-01-24 00:00:00 UTC | Is a Beat in Store for Marsh & McLennan (MMC) in Q4 Earnings? | ABCB | https://www.nasdaq.com/articles/is-a-beat-in-store-for-marsh-mclennan-mmc-in-q4-earnings | nan | nan | Marsh & McLennan Companies, Inc. MMC is slated to report fourth-quarter 2021 earnings on Jan 27, before the market opens.
Q4 Estimates
The Zacks Consensus Estimate for MMC’s fourth-quarter earnings per share is pegged at $1.34, which indicates an improvement of 12.6% from the prior-year quarter’s reported figure.
The consensus mark for revenues stands at $4.9 billion, suggesting growth of 11.5% from the year-ago quarter.
Earnings Surprise History
Marsh & McLennan boasts an impressive earnings surprise history. Its bottom line beat estimates in each of the trailing four quarters, the average surprise being 13.45%. This is depicted in the chart below:
Marsh & McLennan Companies, Inc. Price and EPS Surprise
Marsh & McLennan Companies, Inc. price-eps-surprise | Marsh & McLennan Companies, Inc. Quote
What Our Quantitative Model Unveils
Our proven model predicts an earnings beat for Marsh & McLennan this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.
Earnings ESP: Marsh & McLennan has an Earnings ESP of +2.76%. This is because the Most Accurate Estimate of $1.38 is pegged higher than the Zacks Consensus Estimate of $1.34. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Marsh & McLennan carries a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Factors to Note
Marsh & McLennan’s fourth-quarter performance is likely to have benefited from continuous rate increases across the commercial property and casualty (P&C) insurance, and reinsurance markets. Solid contributions made by the Risk and Insurance Services and Consulting segments might have favored the to-be-reported quarter’s performance.
The Risk and Insurance Services segment is expected to have received a boost from strong revenues reported across Marsh and Guy Carpenter units. New business growth and robust retention rates may have favored Marsh’s performance in the fourth quarter. The U.S. and Canada division might have contributed to the unit’s performance. Meanwhile, Guy Carpenter’s results are expected to have benefited from broad-based growth across geographies and specialties.
The Zacks Consensus Estimate for the Marsh & McLennan’s Risk and Insurance Services segment revenues is pegged at $2.9 billion, which indicates a rise of 13.9% from the prior-year quarter. The consensus mark for Marsh and Guy Carpenter revenues stands at $2.7 billion and $179 million, suggesting improvements of 14.2% and 10.5%, respectively, from the year-ago quarter’s reported numbers.
MMC’s Consulting segment’s performance is likely to have gained on the back of strong results reported in its Mercer and Oliver Wyman units. The Zacks Consensus Estimate for the segment’s revenues is pegged at $2.1 billion, indicating 9.3% growth from the prior-year quarter.
The performance of the Mercer unit is likely to have been driven by the steady turnaround of the global economy, solid investment management growth and decent rise in defined benefit. The consensus estimate for Mercer’s revenues stands at $1.4 billion, suggesting a rise of 3% from the year-ago quarter’s reported number. Meanwhile, another Consulting segment unit named Oliver Wyman is likely to have received a boost from the solid demand across most geographies and practices in the fourth quarter. The consensus mark for Oliver Wyman’s revenues is pegged at $690 million, which suggests an improvement of 16.9% from the prior-year quarter.
While MMC’s fourth-quarter margins are likely to have benefited on the back of revenue growth, higher expenses incurred on strategic hiring and constant investments to drive business growth might have acted as a drag.
Per the lastearnings call foreign exchange is expected to have an adverse but moderate impact on Marsh & McLennan’s margins in the fourth quarter. Management forecast an interest expense of $107 million in the to-be-reported quarter.
Other Stocks to Consider
Some other stocks worth considering from the finance space with a perfect mix of elements to surpass estimates in the upcoming quarterly releases are as follows:
Ameris Bancorp ABCB has an Earnings ESP of +2.41% and a Zacks Rank #1. ABCB is slated to release fourth-quarter results on Jan 27.
Arch Capital Group Ltd. ACGL has an Earnings ESP of +1.48% and a Zacks Rank #2. ACGL is expected to report fourth-quarter results on Feb 9.
Essent Group Ltd. ESNT has an Earnings ESP of +3.11% and a Zacks Rank of 2 at present. ESNT is slated to release fourth-quarter results on Feb 11.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Marsh & McLennan Companies, Inc. (MMC): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Other Stocks to Consider Some other stocks worth considering from the finance space with a perfect mix of elements to surpass estimates in the upcoming quarterly releases are as follows: Ameris Bancorp ABCB has an Earnings ESP of +2.41% and a Zacks Rank #1. ABCB is slated to release fourth-quarter results on Jan 27. Ameris Bancorp (ABCB): Free Stock Analysis Report | Other Stocks to Consider Some other stocks worth considering from the finance space with a perfect mix of elements to surpass estimates in the upcoming quarterly releases are as follows: Ameris Bancorp ABCB has an Earnings ESP of +2.41% and a Zacks Rank #1. ABCB is slated to release fourth-quarter results on Jan 27. Ameris Bancorp (ABCB): Free Stock Analysis Report | Other Stocks to Consider Some other stocks worth considering from the finance space with a perfect mix of elements to surpass estimates in the upcoming quarterly releases are as follows: Ameris Bancorp ABCB has an Earnings ESP of +2.41% and a Zacks Rank #1. ABCB is slated to release fourth-quarter results on Jan 27. Ameris Bancorp (ABCB): Free Stock Analysis Report | Other Stocks to Consider Some other stocks worth considering from the finance space with a perfect mix of elements to surpass estimates in the upcoming quarterly releases are as follows: Ameris Bancorp ABCB has an Earnings ESP of +2.41% and a Zacks Rank #1. ABCB is slated to release fourth-quarter results on Jan 27. Ameris Bancorp (ABCB): Free Stock Analysis Report |
27758.0 | 2022-01-09 00:00:00 UTC | Validea's Top Five Financial Stocks Based On Joel Greenblatt - 1/9/2022 | ABCB | https://www.nasdaq.com/articles/valideas-top-five-financial-stocks-based-on-joel-greenblatt-1-9-2022 | nan | nan | The following are the top rated Financial stocks according to Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. This value model looks for companies with high return on capital and earnings yields.
ARCH CAPITAL GROUP LTD. (ACGL) is a large-cap value stock in the Insurance (Prop. & Casualty) industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Arch Capital Group Ltd. (ACGL) provides insurance, reinsurance and mortgage insurance through its wholly owned subsidiaries. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company's segments include insurance, reinsurance, mortgage, other and corporate. The insurance segment's product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other. The reinsurance segment's product lines include casualty; marine and aviation; other specialty; property catastrophe; property excluding property catastrophe, and other. The mortgage segment includes United States and international mortgage insurance and reinsurance operations as well as government sponsored enterprise (GSE) credit-risk sharing transactions. The other segment includes the results of Watford Holdings Ltd. (Watford Re).
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of ARCH CAPITAL GROUP LTD.
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ACE CONVERGENCE ACQUISITION CORP (ACEV) is a small-cap growth stock in the Misc. Financial Services industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: ACE Convergence Acquisition Corp. is a blank check company. The Company is created for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or other similar business combination with one or more businesses. It focuses for a target business in the information technology (IT) infrastructure software and semiconductor sector. The Company has no business operation. The Company has not generated any revenue.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of ACE CONVERGENCE ACQUISITION CORP
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ATLANTIC CAPITAL BANCSHARES INC (ACBI) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Atlantic Capital Bancshares, Inc. is a bank holding company. The Company offers commercial and not-for-profit banking services, specialty corporate financial services, private banking services and commercial real estate finance solutions to privately held companies and individuals in the Atlanta area, as well as specialized financial services for select clients nationally. It offers a range of commercial and business banking products to fund its Georgia-based clients' capital expenditures, working capital requirements and corporate finance activities. Though its fintech, payments and treasury services teams it provides an array of payment processing solutions, treasury management and deposit services. Through its commercial real estate team, it offers treasury management services and a variety of loan products, including secured construction loans, secured mini permanent loans and secured or unsecured lines of credit.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of ATLANTIC CAPITAL BANCSHARES INC
Full Guru Analysis for ACBI>
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ALLEGIANCE BANCSHARES INC (ABTX) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Allegiance Bancshares, Inc. is a bank holding company. Through its wholly owned subsidiary, Allegiance Bank (the Bank), the Company provides a range of commercial banking services primarily to small to medium-sized businesses within the Houston region, professionals and individual customers. It offers a range of commercial and retail lending services, including commercial loans, loans to small businesses, mortgage loans, home equity loans, personal loans and automobile loans, among others. It offers a variety of deposit products and services with an emphasis on small to medium-sized businesses. In addition to banking during normal business hours, the Company offers extended drive-through hours, automated teller machines (ATMs), mobile banking and banking by telephone, mail and Internet. It also provides safe deposit boxes, debit cards, cash management and wire transfer services, night depository, direct deposits, cashier's checks and letters of credit.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of ALLEGIANCE BANCSHARES INC
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AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Ameris Bancorp is a financial holding company. The Company conducts its operations through its banking subsidiary, Ameris Bank (the Bank), which provides a range of banking services to its retail and commercial customers. The Company's segments include Banking Division, Retail Mortgage Division, Warehouse Lending Division, SBA Division and Premium Finance Division. The Banking Division includes delivery of financial services, including commercial loans, consumer loans and deposit accounts. The Retail Mortgage Division includes the sales and servicing of one-to-four family residential mortgage loans. The Warehouse Lending Division includes the origination and servicing of warehouse lines to other businesses that are secured by underlying one-to-four family residential mortgage loans. The SBA Division includes the sales and servicing of Small Business Administration (SBA) loans. The Premium Finance Division includes the servicing of commercial insurance premium finance loans.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of AMERIS BANCORP
Full Guru Analysis for ABCB>
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More details on Validea's Joel Greenblatt strategy
Joel Greenblatt Stock Ideas
About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. The "Magic Formula," as he called it, produced back-tested returns of 30.8 percent per year from 1988 through 2004, more than doubling the S&P 500's 12.4 percent return during that time. Greenblatt also produced exceptional returns as managing partner at Gotham Capital, a New York City-based hedge fund he founded. The firm averaged a remarkable 40 percent annualized return over more than two decades.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Detailed Analysis of ALLEGIANCE BANCSHARES INC Full Guru Analysis for ABTX> Full Factor Report for ABTX> AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. Detailed Analysis of AMERIS BANCORP Full Guru Analysis for ABCB> Full Factor Report for ABCB> More details on Validea's Joel Greenblatt strategy Joel Greenblatt Stock Ideas About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. The following are the top rated Financial stocks according to Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. | Detailed Analysis of AMERIS BANCORP Full Guru Analysis for ABCB> Full Factor Report for ABCB> More details on Validea's Joel Greenblatt strategy Joel Greenblatt Stock Ideas About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. Detailed Analysis of ALLEGIANCE BANCSHARES INC Full Guru Analysis for ABTX> Full Factor Report for ABTX> AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. Detailed Analysis of ARCH CAPITAL GROUP LTD. Full Guru Analysis for ACGL> Full Factor Report for ACGL> ACE CONVERGENCE ACQUISITION CORP (ACEV) is a small-cap growth stock in the Misc. | Detailed Analysis of AMERIS BANCORP Full Guru Analysis for ABCB> Full Factor Report for ABCB> More details on Validea's Joel Greenblatt strategy Joel Greenblatt Stock Ideas About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. Detailed Analysis of ALLEGIANCE BANCSHARES INC Full Guru Analysis for ABTX> Full Factor Report for ABTX> AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. The Company offers commercial and not-for-profit banking services, specialty corporate financial services, private banking services and commercial real estate finance solutions to privately held companies and individuals in the Atlanta area, as well as specialized financial services for select clients nationally. | Detailed Analysis of ALLEGIANCE BANCSHARES INC Full Guru Analysis for ABTX> Full Factor Report for ABTX> AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. Detailed Analysis of AMERIS BANCORP Full Guru Analysis for ABCB> Full Factor Report for ABCB> More details on Validea's Joel Greenblatt strategy Joel Greenblatt Stock Ideas About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. The following are the top rated Financial stocks according to Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. |
27759.0 | 2022-01-03 00:00:00 UTC | ABCB Makes Bullish Cross Above Critical Moving Average | ABCB | https://www.nasdaq.com/articles/abcb-makes-bullish-cross-above-critical-moving-average | nan | nan | In trading on Monday, shares of Ameris Bancorp (Symbol: ABCB) crossed above their 200 day moving average of $51.44, changing hands as high as $51.56 per share. Ameris Bancorp shares are currently trading up about 3.5% on the day. The chart below shows the one year performance of ABCB shares, versus its 200 day moving average:
Looking at the chart above, ABCB's low point in its 52 week range is $36.60 per share, with $59.85 as the 52 week high point — that compares with a last trade of $51.42.
Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Monday, shares of Ameris Bancorp (Symbol: ABCB) crossed above their 200 day moving average of $51.44, changing hands as high as $51.56 per share. The chart below shows the one year performance of ABCB shares, versus its 200 day moving average: Looking at the chart above, ABCB's low point in its 52 week range is $36.60 per share, with $59.85 as the 52 week high point — that compares with a last trade of $51.42. Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Monday, shares of Ameris Bancorp (Symbol: ABCB) crossed above their 200 day moving average of $51.44, changing hands as high as $51.56 per share. The chart below shows the one year performance of ABCB shares, versus its 200 day moving average: Looking at the chart above, ABCB's low point in its 52 week range is $36.60 per share, with $59.85 as the 52 week high point — that compares with a last trade of $51.42. Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Monday, shares of Ameris Bancorp (Symbol: ABCB) crossed above their 200 day moving average of $51.44, changing hands as high as $51.56 per share. The chart below shows the one year performance of ABCB shares, versus its 200 day moving average: Looking at the chart above, ABCB's low point in its 52 week range is $36.60 per share, with $59.85 as the 52 week high point — that compares with a last trade of $51.42. Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Monday, shares of Ameris Bancorp (Symbol: ABCB) crossed above their 200 day moving average of $51.44, changing hands as high as $51.56 per share. The chart below shows the one year performance of ABCB shares, versus its 200 day moving average: Looking at the chart above, ABCB's low point in its 52 week range is $36.60 per share, with $59.85 as the 52 week high point — that compares with a last trade of $51.42. Ameris Bancorp shares are currently trading up about 3.5% on the day. |
27760.0 | 2021-12-29 00:00:00 UTC | Ameris Bancorp (ABCB) Ex-Dividend Date Scheduled for December 30, 2021 | ABCB | https://www.nasdaq.com/articles/ameris-bancorp-abcb-ex-dividend-date-scheduled-for-december-30-2021 | nan | nan | Ameris Bancorp (ABCB) will begin trading ex-dividend on December 30, 2021. A cash dividend payment of $0.15 per share is scheduled to be paid on January 10, 2022. Shareholders who purchased ABCB prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 10th quarter that ABCB has paid the same dividend. At the current stock price of $50.07, the dividend yield is 1.2%.
The previous trading day's last sale of ABCB was $50.07, representing a -16.34% decrease from the 52 week high of $59.85 and a 36.8% increase over the 52 week low of $36.60.
ABCB is a part of the Finance sector, which includes companies such as J P Morgan Chase & Co (JPM) and Bank of America Corporation (BAC). ABCB's current earnings per share, an indicator of a company's profitability, is $5.59. Zacks Investment Research reports ABCB's forecasted earnings growth in 2021 as 20.75%, compared to an industry average of 26.2%.
For more information on the declaration, record and payment dates, visit the abcb Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to ABCB through an Exchange Traded Fund [ETF]?
The following ETF(s) have ABCB as a top-10 holding:
Invesco S&P SmallCap Quality ETF (XSHQ)
Direxion Daily Regional Banks Bull 3X Shares (DPST).
The top-performing ETF of this group is DPST with an increase of 31.48% over the last 100 days. XSHQ has the highest percent weighting of ABCB at 1.74%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABCB is a part of the Finance sector, which includes companies such as J P Morgan Chase & Co (JPM) and Bank of America Corporation (BAC). Zacks Investment Research reports ABCB's forecasted earnings growth in 2021 as 20.75%, compared to an industry average of 26.2%. For more information on the declaration, record and payment dates, visit the abcb Dividend History page. | Shareholders who purchased ABCB prior to the ex-dividend date are eligible for the cash dividend payment. ABCB's current earnings per share, an indicator of a company's profitability, is $5.59. The following ETF(s) have ABCB as a top-10 holding: Invesco S&P SmallCap Quality ETF (XSHQ) Direxion Daily Regional Banks Bull 3X Shares (DPST). | Shareholders who purchased ABCB prior to the ex-dividend date are eligible for the cash dividend payment. For more information on the declaration, record and payment dates, visit the abcb Dividend History page. The following ETF(s) have ABCB as a top-10 holding: Invesco S&P SmallCap Quality ETF (XSHQ) Direxion Daily Regional Banks Bull 3X Shares (DPST). | ABCB's current earnings per share, an indicator of a company's profitability, is $5.59. The following ETF(s) have ABCB as a top-10 holding: Invesco S&P SmallCap Quality ETF (XSHQ) Direxion Daily Regional Banks Bull 3X Shares (DPST). Ameris Bancorp (ABCB) will begin trading ex-dividend on December 30, 2021. |
27761.0 | 2021-12-28 00:00:00 UTC | Ex-Dividend Reminder: Douglas Emmett, Apollo Commercial Real Estate Finance and Ameris Bancorp | ABCB | https://www.nasdaq.com/articles/ex-dividend-reminder%3A-douglas-emmett-apollo-commercial-real-estate-finance-and-ameris | nan | nan | Looking at the universe of stocks we cover at Dividend Channel, on 12/30/21, Douglas Emmett Inc (Symbol: DEI), Apollo Commercial Real Estate Finance Inc. (Symbol: ARI), and Ameris Bancorp (Symbol: ABCB) will all trade ex-dividend for their respective upcoming dividends. Douglas Emmett Inc will pay its quarterly dividend of $0.28 on 1/19/22, Apollo Commercial Real Estate Finance Inc. will pay its quarterly dividend of $0.35 on 1/15/22, and Ameris Bancorp will pay its quarterly dividend of $0.15 on 1/10/22. As a percentage of DEI's recent stock price of $33.34, this dividend works out to approximately 0.84%, so look for shares of Douglas Emmett Inc to trade 0.84% lower — all else being equal — when DEI shares open for trading on 12/30/21. Similarly, investors should look for ARI to open 2.59% lower in price and for ABCB to open 0.30% lower, all else being equal.
Below are dividend history charts for DEI, ARI, and ABCB, showing historical dividends prior to the most recent ones declared.
Douglas Emmett Inc (Symbol: DEI):
Apollo Commercial Real Estate Finance Inc. (Symbol: ARI):
Ameris Bancorp (Symbol: ABCB):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 3.36% for Douglas Emmett Inc, 10.36% for Apollo Commercial Real Estate Finance Inc., and 1.21% for Ameris Bancorp.
In Tuesday trading, Douglas Emmett Inc shares are currently down about 0.1%, Apollo Commercial Real Estate Finance Inc. shares are up about 0.4%, and Ameris Bancorp shares are down about 0.1% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Looking at the universe of stocks we cover at Dividend Channel, on 12/30/21, Douglas Emmett Inc (Symbol: DEI), Apollo Commercial Real Estate Finance Inc. (Symbol: ARI), and Ameris Bancorp (Symbol: ABCB) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for ARI to open 2.59% lower in price and for ABCB to open 0.30% lower, all else being equal. Below are dividend history charts for DEI, ARI, and ABCB, showing historical dividends prior to the most recent ones declared. | Looking at the universe of stocks we cover at Dividend Channel, on 12/30/21, Douglas Emmett Inc (Symbol: DEI), Apollo Commercial Real Estate Finance Inc. (Symbol: ARI), and Ameris Bancorp (Symbol: ABCB) will all trade ex-dividend for their respective upcoming dividends. Douglas Emmett Inc (Symbol: DEI): Apollo Commercial Real Estate Finance Inc. (Symbol: ARI): Ameris Bancorp (Symbol: ABCB): In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for ARI to open 2.59% lower in price and for ABCB to open 0.30% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel, on 12/30/21, Douglas Emmett Inc (Symbol: DEI), Apollo Commercial Real Estate Finance Inc. (Symbol: ARI), and Ameris Bancorp (Symbol: ABCB) will all trade ex-dividend for their respective upcoming dividends. Douglas Emmett Inc (Symbol: DEI): Apollo Commercial Real Estate Finance Inc. (Symbol: ARI): Ameris Bancorp (Symbol: ABCB): In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for ARI to open 2.59% lower in price and for ABCB to open 0.30% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel, on 12/30/21, Douglas Emmett Inc (Symbol: DEI), Apollo Commercial Real Estate Finance Inc. (Symbol: ARI), and Ameris Bancorp (Symbol: ABCB) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for ARI to open 2.59% lower in price and for ABCB to open 0.30% lower, all else being equal. Below are dividend history charts for DEI, ARI, and ABCB, showing historical dividends prior to the most recent ones declared. |
27762.0 | 2021-12-25 00:00:00 UTC | Here's What We Like About Ameris Bancorp's (NASDAQ:ABCB) Upcoming Dividend | ABCB | https://www.nasdaq.com/articles/heres-what-we-like-about-ameris-bancorps-nasdaq%3Aabcb-upcoming-dividend | nan | nan | Readers hoping to buy Ameris Bancorp (NASDAQ:ABCB) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. Typically, the ex-dividend date is one business day before the record date which is the date on which a company determines the shareholders eligible to receive a dividend. The ex-dividend date is important as the process of settlement involves two full business days. So if you miss that date, you would not show up on the company's books on the record date. This means that investors who purchase Ameris Bancorp's shares on or after the 30th of December will not receive the dividend, which will be paid on the 10th of January.
The company's next dividend payment will be US$0.15 per share, and in the last 12 months, the company paid a total of US$0.60 per share. Looking at the last 12 months of distributions, Ameris Bancorp has a trailing yield of approximately 1.2% on its current stock price of $49.21. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. So we need to check whether the dividend payments are covered, and if earnings are growing.
Dividends are typically paid from company earnings. If a company pays more in dividends than it earned in profit, then the dividend could be unsustainable. Ameris Bancorp is paying out just 11% of its profit after tax, which is comfortably low and leaves plenty of breathing room in the case of adverse events.
When a company paid out less in dividends than it earned in profit, this generally suggests its dividend is affordable. The lower the % of its profit that it pays out, the greater the margin of safety for the dividend if the business enters a downturn.
Click here to see the company's payout ratio, plus analyst estimates of its future dividends.
NasdaqGS:ABCB Historic Dividend December 25th 2021
Have Earnings And Dividends Been Growing?
Businesses with strong growth prospects usually make the best dividend payers, because it's easier to grow dividends when earnings per share are improving. If business enters a downturn and the dividend is cut, the company could see its value fall precipitously. That's why it's comforting to see Ameris Bancorp's earnings have been skyrocketing, up 34% per annum for the past five years.
Many investors will assess a company's dividend performance by evaluating how much the dividend payments have changed over time. Since the start of our data, seven years ago, Ameris Bancorp has lifted its dividend by approximately 17% a year on average. It's great to see earnings per share growing rapidly over several years, and dividends per share growing right along with it.
Final Takeaway
Is Ameris Bancorp worth buying for its dividend? Companies like Ameris Bancorp that are growing rapidly and paying out a low fraction of earnings, are usually reinvesting heavily in their business. This strategy can add significant value to shareholders over the long term - as long as it's done without issuing too many new shares. We think this is a pretty attractive combination, and would be interested in investigating Ameris Bancorp more closely.
In light of that, while Ameris Bancorp has an appealing dividend, it's worth knowing the risks involved with this stock. Every company has risks, and we've spotted 2 warning signs for Ameris Bancorp (of which 1 doesn't sit too well with us!) you should know about.
A common investment mistake is buying the first interesting stock you see. Here you can find a list of promising dividend stocks with a greater than 2% yield and an upcoming dividend.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Readers hoping to buy Ameris Bancorp (NASDAQ:ABCB) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. NasdaqGS:ABCB Historic Dividend December 25th 2021 Have Earnings And Dividends Been Growing? Ameris Bancorp is paying out just 11% of its profit after tax, which is comfortably low and leaves plenty of breathing room in the case of adverse events. | NasdaqGS:ABCB Historic Dividend December 25th 2021 Have Earnings And Dividends Been Growing? Readers hoping to buy Ameris Bancorp (NASDAQ:ABCB) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. Typically, the ex-dividend date is one business day before the record date which is the date on which a company determines the shareholders eligible to receive a dividend. | Readers hoping to buy Ameris Bancorp (NASDAQ:ABCB) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. NasdaqGS:ABCB Historic Dividend December 25th 2021 Have Earnings And Dividends Been Growing? If a company pays more in dividends than it earned in profit, then the dividend could be unsustainable. | NasdaqGS:ABCB Historic Dividend December 25th 2021 Have Earnings And Dividends Been Growing? Readers hoping to buy Ameris Bancorp (NASDAQ:ABCB) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. The company's next dividend payment will be US$0.15 per share, and in the last 12 months, the company paid a total of US$0.60 per share. |
27763.0 | 2021-12-23 00:00:00 UTC | Analysts Anticipate 16% Upside For The Holdings of KBE | ABCB | https://www.nasdaq.com/articles/analysts-anticipate-16-upside-for-the-holdings-of-kbe | nan | nan | Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the SPDR— S&P— Bank ETF (Symbol: KBE), we found that the implied analyst target price for the ETF based upon its underlying holdings is $62.44 per unit.
With KBE trading at a recent price near $53.64 per unit, that means that analysts see 16.40% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of KBE's underlying holdings with notable upside to their analyst target prices are Pacific Premier Bancorp Inc (Symbol: PPBI), Columbia Banking System Inc (Symbol: COLB), and Ameris Bancorp (Symbol: ABCB). Although PPBI has traded at a recent price of $38.55/share, the average analyst target is 28.40% higher at $49.50/share. Similarly, COLB has 22.16% upside from the recent share price of $32.06 if the average analyst target price of $39.17/share is reached, and analysts on average are expecting ABCB to reach a target price of $59.67/share, which is 22.14% above the recent price of $48.85. Below is a twelve month price history chart comparing the stock performance of PPBI, COLB, and ABCB:
Below is a summary table of the current analyst target prices discussed above:
NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
SPDR— S&P— Bank ETF KBE $53.64 $62.44 16.40%
Pacific Premier Bancorp Inc PPBI $38.55 $49.50 28.40%
Columbia Banking System Inc COLB $32.06 $39.17 22.16%
Ameris Bancorp ABCB $48.85 $59.67 22.14%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | SPDR— S&P— Bank ETF KBE $53.64 $62.44 16.40% Pacific Premier Bancorp Inc PPBI $38.55 $49.50 28.40% Columbia Banking System Inc COLB $32.06 $39.17 22.16% Ameris Bancorp ABCB $48.85 $59.67 22.14% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of KBE's underlying holdings with notable upside to their analyst target prices are Pacific Premier Bancorp Inc (Symbol: PPBI), Columbia Banking System Inc (Symbol: COLB), and Ameris Bancorp (Symbol: ABCB). Similarly, COLB has 22.16% upside from the recent share price of $32.06 if the average analyst target price of $39.17/share is reached, and analysts on average are expecting ABCB to reach a target price of $59.67/share, which is 22.14% above the recent price of $48.85. | Three of KBE's underlying holdings with notable upside to their analyst target prices are Pacific Premier Bancorp Inc (Symbol: PPBI), Columbia Banking System Inc (Symbol: COLB), and Ameris Bancorp (Symbol: ABCB). Similarly, COLB has 22.16% upside from the recent share price of $32.06 if the average analyst target price of $39.17/share is reached, and analysts on average are expecting ABCB to reach a target price of $59.67/share, which is 22.14% above the recent price of $48.85. SPDR— S&P— Bank ETF KBE $53.64 $62.44 16.40% Pacific Premier Bancorp Inc PPBI $38.55 $49.50 28.40% Columbia Banking System Inc COLB $32.06 $39.17 22.16% Ameris Bancorp ABCB $48.85 $59.67 22.14% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? | Similarly, COLB has 22.16% upside from the recent share price of $32.06 if the average analyst target price of $39.17/share is reached, and analysts on average are expecting ABCB to reach a target price of $59.67/share, which is 22.14% above the recent price of $48.85. Three of KBE's underlying holdings with notable upside to their analyst target prices are Pacific Premier Bancorp Inc (Symbol: PPBI), Columbia Banking System Inc (Symbol: COLB), and Ameris Bancorp (Symbol: ABCB). Below is a twelve month price history chart comparing the stock performance of PPBI, COLB, and ABCB: Below is a summary table of the current analyst target prices discussed above: | SPDR— S&P— Bank ETF KBE $53.64 $62.44 16.40% Pacific Premier Bancorp Inc PPBI $38.55 $49.50 28.40% Columbia Banking System Inc COLB $32.06 $39.17 22.16% Ameris Bancorp ABCB $48.85 $59.67 22.14% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of KBE's underlying holdings with notable upside to their analyst target prices are Pacific Premier Bancorp Inc (Symbol: PPBI), Columbia Banking System Inc (Symbol: COLB), and Ameris Bancorp (Symbol: ABCB). Similarly, COLB has 22.16% upside from the recent share price of $32.06 if the average analyst target price of $39.17/share is reached, and analysts on average are expecting ABCB to reach a target price of $59.67/share, which is 22.14% above the recent price of $48.85. |
27764.0 | 2021-12-18 00:00:00 UTC | Have Ameris Bancorp (NASDAQ:ABCB) Insiders Been Selling Their Stock? | ABCB | https://www.nasdaq.com/articles/have-ameris-bancorp-nasdaq%3Aabcb-insiders-been-selling-their-stock | nan | nan | Investors may wish to note that the Independent Director of Ameris Bancorp, Jimmy Veal, recently netted US$83k from selling stock, receiving an average price of US$48.65. On the bright side, that's just a small sale and only reduced their holding by 1.7%.
Ameris Bancorp Insider Transactions Over The Last Year
The Independent Director, Robert Ezzell, made the biggest insider sale in the last 12 months. That single transaction was for US$570k worth of shares at a price of US$56.97 each. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. The silver lining is that this sell-down took place above the latest price (US$48.59). So it may not shed much light on insider confidence at current levels.
In total, Ameris Bancorp insiders sold more than they bought over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
NasdaqGS:ABCB Insider Trading Volume December 18th 2021
For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Does Ameris Bancorp Boast High Insider Ownership?
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. Ameris Bancorp insiders own 5.5% of the company, currently worth about US$186m based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
What Might The Insider Transactions At Ameris Bancorp Tell Us?
An insider sold stock recently, but they haven't been buying. And our longer term analysis of insider transactions didn't bring confidence, either. On the plus side, Ameris Bancorp makes money, and is growing profits. While insiders do own a lot of shares in the company (which is good), our analysis of their transactions doesn't make us feel confident about the company. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. At Simply Wall St, we found 1 warning sign for Ameris Bancorp that deserve your attention before buying any shares.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | NasdaqGS:ABCB Insider Trading Volume December 18th 2021 For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket. Investors may wish to note that the Independent Director of Ameris Bancorp, Jimmy Veal, recently netted US$83k from selling stock, receiving an average price of US$48.65. At Simply Wall St, we found 1 warning sign for Ameris Bancorp that deserve your attention before buying any shares. | NasdaqGS:ABCB Insider Trading Volume December 18th 2021 For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket. Ameris Bancorp insiders own 5.5% of the company, currently worth about US$186m based on the recent share price. And our longer term analysis of insider transactions didn't bring confidence, either. | NasdaqGS:ABCB Insider Trading Volume December 18th 2021 For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket. Ameris Bancorp Insider Transactions Over The Last Year The Independent Director, Robert Ezzell, made the biggest insider sale in the last 12 months. Ameris Bancorp insiders own 5.5% of the company, currently worth about US$186m based on the recent share price. | NasdaqGS:ABCB Insider Trading Volume December 18th 2021 For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. Ameris Bancorp insiders own 5.5% of the company, currently worth about US$186m based on the recent share price. |
27765.0 | 2021-11-23 00:00:00 UTC | Ameris Bancorp (NASDAQ:ABCB) shareholders have earned a 55% return over the last year | ABCB | https://www.nasdaq.com/articles/ameris-bancorp-nasdaq%3Aabcb-shareholders-have-earned-a-55-return-over-the-last-year | nan | nan | If you want to compound wealth in the stock market, you can do so by buying an index fund. But you can significantly boost your returns by picking above-average stocks. For example, the Ameris Bancorp (NASDAQ:ABCB) share price is up 53% in the last 1 year, clearly besting the market return of around 26% (not including dividends). So that should have shareholders smiling. Having said that, the longer term returns aren't so impressive, with stock gaining just 22% in three years.
With that in mind, it's worth seeing if the company's underlying fundamentals have been the driver of long term performance, or if there are some discrepancies.
There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.
Ameris Bancorp was able to grow EPS by 70% in the last twelve months. This EPS growth is significantly higher than the 53% increase in the share price. Therefore, it seems the market isn't as excited about Ameris Bancorp as it was before. This could be an opportunity. This cautious sentiment is reflected in its (fairly low) P/E ratio of 9.41.
You can see below how EPS has changed over time (discover the exact values by clicking on the image).
NasdaqGS:ABCB Earnings Per Share Growth November 23rd 2021
We like that insiders have been buying shares in the last twelve months. Even so, future earnings will be far more important to whether current shareholders make money. Dive deeper into the earnings by checking this interactive graph of Ameris Bancorp's earnings, revenue and cash flow.
A Different Perspective
We're pleased to report that Ameris Bancorp shareholders have received a total shareholder return of 55% over one year. That's including the dividend. That's better than the annualised return of 5% over half a decade, implying that the company is doing better recently. Given the share price momentum remains strong, it might be worth taking a closer look at the stock, lest you miss an opportunity. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Consider for instance, the ever-present spectre of investment risk. We've identified 1 warning sign with Ameris Bancorp , and understanding them should be part of your investment process.
Ameris Bancorp is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on US exchanges.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For example, the Ameris Bancorp (NASDAQ:ABCB) share price is up 53% in the last 1 year, clearly besting the market return of around 26% (not including dividends). NasdaqGS:ABCB Earnings Per Share Growth November 23rd 2021 We like that insiders have been buying shares in the last twelve months. Given the share price momentum remains strong, it might be worth taking a closer look at the stock, lest you miss an opportunity. | For example, the Ameris Bancorp (NASDAQ:ABCB) share price is up 53% in the last 1 year, clearly besting the market return of around 26% (not including dividends). NasdaqGS:ABCB Earnings Per Share Growth November 23rd 2021 We like that insiders have been buying shares in the last twelve months. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on US exchanges. | For example, the Ameris Bancorp (NASDAQ:ABCB) share price is up 53% in the last 1 year, clearly besting the market return of around 26% (not including dividends). NasdaqGS:ABCB Earnings Per Share Growth November 23rd 2021 We like that insiders have been buying shares in the last twelve months. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. | For example, the Ameris Bancorp (NASDAQ:ABCB) share price is up 53% in the last 1 year, clearly besting the market return of around 26% (not including dividends). NasdaqGS:ABCB Earnings Per Share Growth November 23rd 2021 We like that insiders have been buying shares in the last twelve months. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. |
27766.0 | 2021-11-22 00:00:00 UTC | Analysts Predict 10% Upside For KBE | ABCB | https://www.nasdaq.com/articles/analysts-predict-10-upside-for-kbe | nan | nan | Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the SPDR— S&P— Bank ETF (Symbol: KBE), we found that the implied analyst target price for the ETF based upon its underlying holdings is $61.82 per unit.
With KBE trading at a recent price near $56.35 per unit, that means that analysts see 9.71% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of KBE's underlying holdings with notable upside to their analyst target prices are Pacific Premier Bancorp Inc (Symbol: PPBI), Columbia Banking System Inc (Symbol: COLB), and Ameris Bancorp (Symbol: ABCB). Although PPBI has traded at a recent price of $41.55/share, the average analyst target is 19.13% higher at $49.50/share. Similarly, COLB has 15.55% upside from the recent share price of $34.04 if the average analyst target price of $39.33/share is reached, and analysts on average are expecting ABCB to reach a target price of $59.50/share, which is 15.35% above the recent price of $51.58. Below is a twelve month price history chart comparing the stock performance of PPBI, COLB, and ABCB:
Below is a summary table of the current analyst target prices discussed above:
NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
SPDR— S&P— Bank ETF KBE $56.35 $61.82 9.71%
Pacific Premier Bancorp Inc PPBI $41.55 $49.50 19.13%
Columbia Banking System Inc COLB $34.04 $39.33 15.55%
Ameris Bancorp ABCB $51.58 $59.50 15.35%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | SPDR— S&P— Bank ETF KBE $56.35 $61.82 9.71% Pacific Premier Bancorp Inc PPBI $41.55 $49.50 19.13% Columbia Banking System Inc COLB $34.04 $39.33 15.55% Ameris Bancorp ABCB $51.58 $59.50 15.35% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of KBE's underlying holdings with notable upside to their analyst target prices are Pacific Premier Bancorp Inc (Symbol: PPBI), Columbia Banking System Inc (Symbol: COLB), and Ameris Bancorp (Symbol: ABCB). Similarly, COLB has 15.55% upside from the recent share price of $34.04 if the average analyst target price of $39.33/share is reached, and analysts on average are expecting ABCB to reach a target price of $59.50/share, which is 15.35% above the recent price of $51.58. | Three of KBE's underlying holdings with notable upside to their analyst target prices are Pacific Premier Bancorp Inc (Symbol: PPBI), Columbia Banking System Inc (Symbol: COLB), and Ameris Bancorp (Symbol: ABCB). Similarly, COLB has 15.55% upside from the recent share price of $34.04 if the average analyst target price of $39.33/share is reached, and analysts on average are expecting ABCB to reach a target price of $59.50/share, which is 15.35% above the recent price of $51.58. SPDR— S&P— Bank ETF KBE $56.35 $61.82 9.71% Pacific Premier Bancorp Inc PPBI $41.55 $49.50 19.13% Columbia Banking System Inc COLB $34.04 $39.33 15.55% Ameris Bancorp ABCB $51.58 $59.50 15.35% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? | Similarly, COLB has 15.55% upside from the recent share price of $34.04 if the average analyst target price of $39.33/share is reached, and analysts on average are expecting ABCB to reach a target price of $59.50/share, which is 15.35% above the recent price of $51.58. Three of KBE's underlying holdings with notable upside to their analyst target prices are Pacific Premier Bancorp Inc (Symbol: PPBI), Columbia Banking System Inc (Symbol: COLB), and Ameris Bancorp (Symbol: ABCB). Below is a twelve month price history chart comparing the stock performance of PPBI, COLB, and ABCB: Below is a summary table of the current analyst target prices discussed above: | SPDR— S&P— Bank ETF KBE $56.35 $61.82 9.71% Pacific Premier Bancorp Inc PPBI $41.55 $49.50 19.13% Columbia Banking System Inc COLB $34.04 $39.33 15.55% Ameris Bancorp ABCB $51.58 $59.50 15.35% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of KBE's underlying holdings with notable upside to their analyst target prices are Pacific Premier Bancorp Inc (Symbol: PPBI), Columbia Banking System Inc (Symbol: COLB), and Ameris Bancorp (Symbol: ABCB). Similarly, COLB has 15.55% upside from the recent share price of $34.04 if the average analyst target price of $39.33/share is reached, and analysts on average are expecting ABCB to reach a target price of $59.50/share, which is 15.35% above the recent price of $51.58. |
27767.0 | 2021-11-05 00:00:00 UTC | 3 Stocks to Watch This Earnings Season | ABCB | https://www.nasdaq.com/articles/3-stocks-to-watch-this-earnings-season-2021-11-05 | nan | nan | We're a few weeks into third quarter earnings season, but many companies still haven't released their latest results. In this Fool Live video clip, recorded on Oct. 18, Fool.com contributor Matt Frankel and Industry Focus host Jason Moser discuss some of the stocks on the top of their watch list as earnings season continues.
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Jason Moser: What's a stock that you are watching this coming earnings season?
Matt Frankel: Can I say all of them?
Moser: Sure if you want. You got to give you a thesis for each.
Frankel: Well, I mentioned that I'm watching SoFi (NASDAQ: SOFI) very closely this quarter and I'm going to be watching a lot of these real estate stocks. I don't know if you saw the news today that Zillow (NASDAQ: Z)(NASDAQ: ZG) is stopping their iBuying business for the rest of the year.
Moser: I did see that.
Frankel: I want to see if companies like Opendoor (NASDAQ: OPEN) with ticker symbol O-P-E-N are having similar issues. They're stopping it because it's going so well. They're too big of a backlog. I want to see if their rivals have a similar thing going. I'll be watching all the iBuying businesses, Zillow, Opendoor, Redfin (NASDAQ: RDFN), etc.
Moser: Sounds good.
Frankel: I guess that counts as financials, real estate used to be in the financial sector.
Moser: We talk about real estate all the time on this show. It absolutely counts. We deem it as worthy on this show for sure. Good. Matt, I'm going to be jumping on a plane on Thursday and I'm flying down to Georgia, flying to Atlanta, drive down to Moultrie, go see my folks for a few days, playing my dad's membered guest down there and so in honor of going down to Moultrie, Georgia, this weekend, keeping an eye on Ameris Bank (NASDAQ: ABCB) or I'm sure in Sherman, talk to a couple of the guys down there.
But the stock has had a good year up 36%, year-to-date, up 100% over the last 12 months actually. I am interested to hear their take on commercial real estate, particularly given the Fidelity deal that closed back in the middle of 2019. We were talking about Goldman Sachs (NYSE: GS) growing that book value and Ameris continues to grow tangible book value as well noted the last quarter was growing at an annualized rate of 20% for the year. Our earnings for Ameris are out on Oct. 28 and I will be very interested to see what they have to say.
Jason Moser owns shares of Ameris Bancorp. Matthew Frankel, CFP® owns shares of Goldman Sachs, SoFi Technologies, Inc., and Zillow Group (C shares). The Motley Fool owns shares of and recommends Opendoor Technologies Inc., Redfin, SoFi Technologies, Inc., Zillow Group (A shares), and Zillow Group (C shares). The Motley Fool recommends Ameris Bancorp and recommends the following options: short November 2021 $65 puts on Redfin. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Matt, I'm going to be jumping on a plane on Thursday and I'm flying down to Georgia, flying to Atlanta, drive down to Moultrie, go see my folks for a few days, playing my dad's membered guest down there and so in honor of going down to Moultrie, Georgia, this weekend, keeping an eye on Ameris Bank (NASDAQ: ABCB) or I'm sure in Sherman, talk to a couple of the guys down there. In this Fool Live video clip, recorded on Oct. 18, Fool.com contributor Matt Frankel and Industry Focus host Jason Moser discuss some of the stocks on the top of their watch list as earnings season continues. Frankel: I want to see if companies like Opendoor (NASDAQ: OPEN) with ticker symbol O-P-E-N are having similar issues. | Matt, I'm going to be jumping on a plane on Thursday and I'm flying down to Georgia, flying to Atlanta, drive down to Moultrie, go see my folks for a few days, playing my dad's membered guest down there and so in honor of going down to Moultrie, Georgia, this weekend, keeping an eye on Ameris Bank (NASDAQ: ABCB) or I'm sure in Sherman, talk to a couple of the guys down there. I'll be watching all the iBuying businesses, Zillow, Opendoor, Redfin (NASDAQ: RDFN), etc. Matthew Frankel, CFP® owns shares of Goldman Sachs, SoFi Technologies, Inc., and Zillow Group (C shares). | Matt, I'm going to be jumping on a plane on Thursday and I'm flying down to Georgia, flying to Atlanta, drive down to Moultrie, go see my folks for a few days, playing my dad's membered guest down there and so in honor of going down to Moultrie, Georgia, this weekend, keeping an eye on Ameris Bank (NASDAQ: ABCB) or I'm sure in Sherman, talk to a couple of the guys down there. See the 10 stocks *Stock Advisor returns as of October 20, 2021 Jason Moser: What's a stock that you are watching this coming earnings season? Frankel: Well, I mentioned that I'm watching SoFi (NASDAQ: SOFI) very closely this quarter and I'm going to be watching a lot of these real estate stocks. | Matt, I'm going to be jumping on a plane on Thursday and I'm flying down to Georgia, flying to Atlanta, drive down to Moultrie, go see my folks for a few days, playing my dad's membered guest down there and so in honor of going down to Moultrie, Georgia, this weekend, keeping an eye on Ameris Bank (NASDAQ: ABCB) or I'm sure in Sherman, talk to a couple of the guys down there. See the 10 stocks *Stock Advisor returns as of October 20, 2021 Jason Moser: What's a stock that you are watching this coming earnings season? Moser: We talk about real estate all the time on this show. |
27768.0 | 2021-10-29 00:00:00 UTC | Ameris Bancorp (ABCB) Q3 2021 Earnings Call Transcript | ABCB | https://www.nasdaq.com/articles/ameris-bancorp-abcb-q3-2021-earnings-call-transcript-2021-10-29 | nan | nan | Image source: The Motley Fool.
Ameris Bancorp (NASDAQ: ABCB)
Q3 2021 Earnings Call
Oct 29, 2021, 9:00 a.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Good morning, or good afternoon, all, and welcome to the Ameris Bank Third Quarter Earnings Conference Call. My name is Adam, and I'll be your operator today. [Operator Instructions]
I will now hand you over to Nicole Stokes, Chief Financial Officer, to begin. So Nicole, please go ahead when you are ready.
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Nicole S. Stokes -- Corporate Executive Vice President And Chief Financial Officer
Great. Thank you, Adam, and thank you to all who have joined our call today. During the call, we will be referencing the press release and the financial highlights that are available on the Investor Relations section of our website at amerisbank.com. I'm joined today by Palmer Proctor, our CEO; and Jon Edwards, our Chief Credit Officer. Palmer will begin with some opening general comments, and then I will discuss the details of our financial results before we open up for Q&A. But before we begin, I'll remind you that our comments may include forward-looking statements. These statements are subject to risks and uncertainties. The actual results could vary materially. We list some of the factors that might cause results to differ in our press release and in our SEC filings, which are available on our website. We do not assume any obligation to update any forward-looking statements as a result of new information, early developments or otherwise, except as required by law. Also during the call, we will discuss certain non-GAAP financial measures in reference to the company's performance. You can see our reconciliation of these measures and our GAAP financial measures in the appendix to our presentation.
And with that, I'll turn it over to Palmer for opening comments.
H. Palmer Proctor Jr. -- Chief Executive Officer
Thank you, Nicole, and good morning, everyone. I want to thank you all for taking time to join us this morning for our third quarter 2021earnings call We were very pleased with the third quarter and the momentum that we have with the loan production, the growth and the financial results. Nicole is going to update you on some of the detailed results in a few minutes, but I did want to hit a few highlights for the quarter as well as a few other successes, which positively impact our outlook as we go forward. For the quarter, we earned $83.9 million or $1.20 per diluted share on an adjusted basis, and this represented a 1.51% return on average assets and a 17.65% return on tangible equity. For the year-to-date period, we earned $287.2 million or $4.12 per diluted share on an adjusted basis, which is a significant increase from the $2.86 reported in the same period last year.
The 2021 results represent a year-to-date ROA of 1.79% and the year-to-date return on average tangible equity of 21.38%. Our adjusted efficiency ratio this quarter was 56.56%, an increase from the 54.07% last quarter due to certain nonrecurring expenses during the quarter. And that said, our year-to-date efficiency ratio is 55.05% and should return below 55% by the end of the year. We remain very encouraged by our organic growth, both on the loan and deposit side. And exclusive of PPP runoff, loans grew over $250 million or seven percent annualized during the quarter, and that leaves our year-to-date annualized loan growth of 8.7% excluding PPP runoff and 3.2% including PPP runoff. We still expect to see mid- to upper single-digit loan growth for the year based on our pipelines and opportunities within our growth markets.
On the deposit side, we continue to see a lot of success there in growing noninterest-bearing deposits, which now account for over 40% of our total deposits. Nicole is going to discuss our excess liquidity and the impact, obviously, it has on the margin in more detail in a few minutes. I did want to mention the continued success we have there on the deposit front. On the capital side of the balance sheet, our capital position remains strong. We've consistently said that we're very focused on tangible book value growth. And this quarter was no different. I'm happy to report we grew tangible book value by over $1 per share or 3.8% during the third quarter alone, and we've grown tangible book value by $3.77 or almost 16% for the year so far, and this equates to over 20% annualized growth rate in tangible book value, which is very meaningful.
Our TCE ratio increased to 8.8%, very close to our nine percent goal. And if you exclude the $3 billion of excess liquidity on our balance sheet, the TCE ratio would have been well over 10%. So clearly, we have ample capital to support our growth initiatives and consider opportunistic transactions. While we remain focused on capital preservation, we did announce, as many of you may have seen in our release that our Board approved extending our share repurchase program through October 31 next year. We did repurchase $6.5 million during the third quarter, and that leaves approximately $79 million left on that program. And while we don't anticipate executing on this during the remainder of 2021, we do like having the optionality if the right opportunity presents itself. As for our dividend, we still remain very comfortable with where our dividends are today.
Jon Edwards, our Chief Credit Officer, is with us today, and he's certainly available to take any credit questions after our prepared remarks, but I wanted to hit a few highlights in terms of credit. For the quarter, we had net recoveries of $127,000, so 0 charge-off ratio compared to $2.6 million of net charge-offs last quarter, seven basis points. Our nonperforming assets as a percentage of total assets was consistent with last quarter of 32 basis points. Loans that remain on deferral at the end of the quarter were approximately 0.6% of total loans, which are down from approximately 4.3% of total loans at the same time last year. Our allowance coverage ratio, excluding unfunded commitments, was 1.18%, net of our PPP loans at the end of the quarter.
And I'll tell you, despite the uncertainty that's still in the economy out there, we continue to see very strong asset quality and solid growth opportunities in our markets for the remainder of this year. And the investments that we made last year and over the last 18 months in both technology and talent continue to propel our incremental growth and really helps us to further leverage our platform. And that certainly has helped us eliminate any dependency on recent hires or future hires to deliver our growth targets. And that's a meaningful distinction for our company.
And I'll stop there and now turn it over to Nicole to discuss our financial results in more detail.
Nicole S. Stokes -- Corporate Executive Vice President And Chief Financial Officer
Great. Thank you, Palmer. So for the third quarter, we're reporting net income of $81.7 million or $1.17 per diluted share. On an adjusted basis, we earned $83.9 million or $1.20 per diluted share when you exclude the servicing asset impairment, the loss on bank premises and the merger charges. For the year-to-date period, we are reporting net income of $295 million or $4.23 per diluted share. On an adjusted basis, we earned $287.2 million or $4.12 per diluted share when you exclude those same items I just mentioned. We were pleased with our operating ratios. Our adjusted return on assets in the third quarter was 1.51%. And our year-to-date adjusted ROA was 1.79%. Our adjusted return on tangible common equity was 17.65% for the quarter and 21.38% for the year-to-date period. As Palmer mentioned, tangible book value increased by $1.01 or 3.8%.
That was from $26.45 at the end of the second quarter to $27.46 at the end of this quarter. For the year-over-year comparing September 30 last year to September 30 this year, our tangible book value had increased $5 per share or over 22% from $22.46 this time last year. In addition, our tangible common equity ratio increased five basis points to 8.88%, and increased 61 basis points over the past year from 8.27% this time last year. We have approximately $3 billion of excess liquidity on our balance sheet, and that negatively impacted this ratio by 144 basis points. So if you took that cash out of our assets, our TCE ratio would have been about 10.32% at quarter-end, which was well above our stated target of 9%. We continue to be well capitalized, and we feel comfortable with our capital and dividend ratios.
Moving on to kind of net interest income and the margin. As you can see on Slide eight, our net interest income has remained fairly stable since last year. But the thing that we're really proud of, if you look at our net interest income, exclusive of accretion and PPP kind of getting to that core NII, it increased $3.4 million this quarter over last quarter and $1.7 million this quarter over the last -- this time last year. And that shows a real positive trend as people have wondered what happens when PPP runs off. Our net interest margin declined by 12 basis points this quarter from 3.34% to 3.22%. Our yield on earning assets declined 14 basis points, but our funding costs helped offset that by two basis points. When we look at the margin, we really have four factors. So eight basis points of our margin squeeze came from our excess liquidity that continued to add this quarter; three basis points came from compression from the -- or three basis points of the compression came from the $2 million decline in PPP income; and then there was another about three basis points of decline related to the accretion income decline.
And so that's about the 14 basis points of asset compression offset by two basis points of improvement in our funding costs. So the point there is, excluding the excess liquidity, our margin would have only declined about three to four basis points for the quarter. And all of that is attributable to the PPP and accretion decline. Also on Slide eight, you can see the table to the left, the $3 billion of excess liquidity and what it's done to our margin ratio. It accounts for about 42 basis points total of the negative compression from one year ago. So we remain focused on our deposit costs, and we continue to grind them down. We still have some room for improvement in the CD portfolio, but the real driver to an improving margin is putting that excess liquidity to work. We continue to anticipate net loan growth net of PTP activity next year in the high single digits, kind of that seven percent to nine percent range, which is about $1 billion to $1.3 billion of loan growth.
That leaves about $1.8 billion of excess cash to prepare for our deposit runoff. And then all set to begin buying investments and to fund opportunistic if other investments become available. Moving on to provision. We reversed about $9.7 million of provision expense for the quarter, and that really was due to an improvement in the economy, specifically home prices and the CRE index and then our own improved credit quality this quarter with that -- as Palmer mentioned, the recovery versus charge-offs helped offset the need for additional provisions on our loan growth. Our ending allowance for loan losses was $171.2 million compared to the $175.1 million at the end of last quarter. And including the unfunded commitment reserve and allowance for other credit losses, our total allowance for credit losses was $188.2 million at quarter-end.
Noninterest income declined $12.7 million this quarter due to decreases in mortgage banking activity. As shown on Slide 11, the retail mortgage originations now represent 17% of our pre-provision pre-tax income for the third quarter, and that was down from 49% this time last year. Production in the retail mortgage group declined about 14% to $2.1 billion for the quarter. And similar to last quarter, our noninterest expenses declined about eight percent or $4.4 million in the retail mortgage division. The average gain on sale increased to 3.17% for the quarter compared to 2.77% last quarter. And the open pipeline -- this is encouraging, the open pipeline at the end of the third quarter was $1.9 billion compared to $1.7 billion at the end of the second quarter.
Total noninterest expenses increased by $1.4 million from the $135.8 million last quarter to the $137 million this quarter. But excluding the loss on bank premises and the merger charges, noninterest expense actually declined $120,000. As I mentioned, mortgage revenue -- net mortgage expenses declined about $4.4 million during the quarter, but those savings were offset by increases in other areas, including enterprisewide services and support staff. A lot of those increases and the majority of those increases were related to increased legal and professional fees and other onetime expenses that are not expected to be recurring. Because of these nonrecurring expenses, our adjusted efficiency ratio for the quarter was 56.56% versus 54.07% last quarter, but we do expect that it will return to under 55% by the end of the year.
On the balance sheet side, we ended the quarter with assets of $22.5 billion compared to $21.9 billion at the end of last quarter. We really were pleased with our organic loan growth of $43.7 million, which is above one percent for the third quarter. But as you can see on Slide 16, we had $471 million of headwind against $515 million growth in CRE, C&I, premium finance and residential. PPP loans declined $208 million and indirect loans declined $72 million. So excluding that PPP runoff, our loan growth was about seven percent annualized. We have about $280 million of PPP loans left, and we have about $325 million of indirect loans left. So we really anticipate the headwind from the runoff in both of these portfolios to subside early next year. While I'm on PPP, just a quick update there. We've received payments and forgiveness of just over $1 billion on Round one, leaving the outstanding balance there at just $21 million.
And then the Round two, we have a balance of about $259 million. The average balance of PPP loans in the third quarter was $377 million compared to an average balance in the second quarter of $708 million. We have about $14.7 million left of deferred fee income on the PPP loan, which, again, we anticipate amortizing into income over the next three quarters. So we already discussed the excess liquidity that you can see in our other earning assets on the balance sheet due to the tremendous deposit growth we saw this quarter. Deposits grew $575 million. But the real key here is that noninterest-bearing deposits grew $633 million, and our interest-bearing decreased about $58 million. As Palmer mentioned, our noninterest-bearing are now over 40% of our total deposits. This is just really key as our bankers have continued to grow noninterest-bearing deposits to fund that future growth. And I said last quarter, we do anticipate some deposit runoff as life starts to get back to normal post-pandemic and as rates potentially rise.
So with that, I will wrap it up. I appreciate everyone's time today. I want to turn the call back over to Adam for any questions from the group.
Questions and Answers:
Operator
[Operator Instructions] Our first question today comes from Brady Gailey from KBW. Brady, Please go ahead.
Brady Gailey -- KBW -- Analyst
Okay, Thanks. Good morning, guys. I just wanted to start with mortgage fees. If you back out the noise related to the MSR, mortgage fees were down about 17% linked quarter, which is a little more than I thought they would be. So maybe just any kind of comment on that decline? Did it surprise you guys? And how are you thinking about mortgage as we head into 2022? I know it's a tough thing to predict.
Nicole S. Stokes -- Corporate Executive Vice President And Chief Financial Officer
Sure, Freddy -- Brady. The -- sorry about that. We're learning a new system on our end with the conference call, so I picked up the wrong name. Sorry, Brady. So on the mortgage revenue side, a lot of that has to do with timing and the large production that we had in the second quarter and the acceleration of some sales in the second quarter. So that did drive down a little bit. It's not necessarily the third quarter, it affected the third quarter because the second quarter was so elevated with that timing issue. So we do -- as I said, the production was down about 14% and revenue was down 17%, but some of that again was the timing issue. So we anticipate like that pair-off fee that we discussed in the press release to go back up a little bit next quarter, and it should rebound.
H. Palmer Proctor Jr. -- Chief Executive Officer
And more importantly, too, Brady, I think everybody saw the improvement in the margin there. That bounced back to over three percent. We were down at 2.75%, I think, last quarter. So between the production and the margin, we feel very positive about fourth quarter in terms of mortgage, a lot of mortgages, as you all know, is about timing, and we had the opportunity to have some meaningful sales at the end of second quarter that obviously impacted third quarter.
Brady Gailey -- KBW -- Analyst
All right. That's helpful. And then Nicole, I noticed that other expenses were up about $7 million linked quarter. Was there anything notable in other expenses this quarter?
Nicole S. Stokes -- Corporate Executive Vice President And Chief Financial Officer
We did. We had some one time, what we call, our one time expenses. We settled an old legal suit, so we had some additional professional fees related to that and then the settlement. And so we don't expect those to recur. And then we also had, like we talked about the -- some lease expense that we're getting out of. And then also the state tax, if you notice, our tax rate increased slightly this quarter. That's due to a state tax liability. That was just a one time thing and that we expect that to go back as well.
Brady Gailey -- KBW -- Analyst
Okay. All right. And then the last one for me. I know we've talked about an efficiency ratio of 53% to 55% for you guys. Is that still the way you're thinking about it as we head into 2022?
Nicole S. Stokes -- Corporate Executive Vice President And Chief Financial Officer
It is. We are still targeting below 55%.
Brady Gailey -- KBW -- Analyst
Okay. Great. Thanks, guys.
H. Palmer Proctor Jr. -- Chief Executive Officer
Thank you.
Operator
Our next question is from Casey Whitman of Piper Sandler. Casey, Your line is open. Please go ahead.
Casey Whitman -- Piper Sandler -- Analyst
Good morning, just wondering, maybe if you can give us sort of how we should think about if we look at just the core net interest income without PPP and without accretion, sort of given your growth outlook, loan growth outlook for next year, sort of what's a reasonable outlook for what we could see growth in that core and net interest income next year? Is it kind of mid-single digits? Or is that too low?
Nicole S. Stokes -- Corporate Executive Vice President And Chief Financial Officer
Thank you, Casey. I think a lot of that -- I'm going to talk real quick. Just kind of if rates are flat, that's one of the things that our bankers have done a tremendous job is -- and when you see this quarter and you see excluding that PPP and accretion, that we've actually been able to grow our NII. So we do have a little bit more room on the deposit side. This quarter, we saw about two basis points of NIM defense coming from the deposit side. We still have a little bit more room there on mostly the CD side. So that should help stabilize some of the compression that we might see from the loan side. When you think about the yield curve steepening or and the Fed tightening, and we start to see maybe some upward movement there. We are asset-sensitive, and we've positioned ourselves that way.
So again, about 100 basis point move is about $44 million of NII increase for us. So you can say that we really start to see that at about the 50-basis point bump when we start to get in between 25 and 50 basis points of improvement in the yield curve with the Fed move is when we'll start really seeing some increased movement on our NII as well.
Casey Whitman -- Piper Sandler -- Analyst
Okay. Understood. And just to tighten up to the loan growth guide, I heard a mid- to upper and then a seven percent to nine percent range. Is that -- is the mid- to upper kind of how you're thinking about for this year and then potentially getting closer to that seven percent to nine percent range for next year? Just to be clear.
Nicole S. Stokes -- Corporate Executive Vice President And Chief Financial Officer
That's right. That's exactly right. This year is kind of in that five percent to seven percent range and then next year is coming in that seven percent to nine percent. And a lot of that is because of the headwind of the indirect and the PPP coming out next year.
Casey Whitman -- Piper Sandler -- Analyst
I'll let them know. Thanks.
Nicole S. Stokes -- Corporate Executive Vice President And Chief Financial Officer
Great. Thank you, Casey.
Operator
Our next question comes from Kevin Fitzsimmons from D.A. Davidson. Kevin, Please go ahead.
Kevin Fitzsimmons -- D.A. Davidson -- Analyst
Good morning everyone. I was wondering if you could -- and apologies if I missed it. If you -- you talked quite a bit about the margin and the drivers for it. Anything you can -- however you want to characterize it, reported margin, core margin in terms of how you're looking out into fourth quarter and then into next year? And then, Nicole, I guess I would -- a very important part of that, obviously, is the excess liquidity and what you do with it. So maybe kind of a tangential question is, do you plan to get a little more aggressive on deploying it into securities? Or are you more content with if you see this loan growth coming, waiting for that to come? Thanks.
Nicole S. Stokes -- Corporate Executive Vice President And Chief Financial Officer
Sure. So as far as margin, we did have the 12 basis points of compression this quarter. But when you look at it, you really have the eight basis points comes from liquidity, and so then the remaining four basis points. six basis points was on the loan side, but it really was all the PPP accretion income. It came down and then just our normal accretion income that came down offset by the two basis points. So when you look at kind of a core margin run rate, we were successful in keeping that flat for the quarter, which I think is a huge win. I don't know that we're going to be able to do that again next quarter. I think we have another one to two basis points potentially on the deposit side that could offset a few basis points on the loan side. So like I said, we really need rates to go up 25 to 50 basis points. Our coming on rates are lower than our margins.
So there is a little bit of a drain right now, but we're doing everything we can on the deposit side to defend that. As far as the excess liquidity, we've got about $3 billion of excess liquidity. We've come to earmark $1 billion to $1.5 billion for loan growth next year. That gives us about $1.5 billion to be ready to start deploying it into the bond portfolio as well as to be prepared for deposit runoff. And then if there was any other opportunities out there that we see in the second quarter, we did buy about $100 million of borrowing. While it doesn't go into the margin, it does go into noninterest income. So any type of those type of transactions, it could be opportunistic for us to use some of that liquidity. We really are continuing to hold off on the bond portfolio.
We did start to buy some CRE investments in our in held-to-maturity bucket, but really being cautious on the held investments. Just -- we don't want to do something today that in six months from now when rates are different, we have a big impact to OCI. So we're trying to be diligent and disciplined there. And just remember that if we can continue to grow that NII through the loan growth and through watching our deposit costs that we know that we can control the excess liquidity and the margin ratio and just really focus on the NII number and the growth there.
Kevin Fitzsimmons -- D.A. Davidson -- Analyst
Great. That makes perfect sense. One additional question. I just wanted to get your -- Palmer, your updated thoughts on M&A. And maybe if you can differentiate by bank or nonbank. We've seen a lot of banks get more interested in bolting on asset generators, given the excess liquidity. And if M&A is still as important, if maybe in this environment, you can go out and do team lift outs and do strategic hires? Just wondering what your latest thoughts on that are. Thanks. Thanks, Palmer.
H. Palmer Proctor Jr. -- Chief Executive Officer
You bet. And I would kind of answer that in one wording. It's really optionality, and that's one of the benefits of our company here is that we've positioned ourselves to take advantage of opportunities. But that being said, as you know, we're pretty disciplined here, and things have got to make sense to do it. We're very sensitive to dilution. But to answer your question more specifically, we'd look at both banking and nonbank. And if we're able to further a particular line of business or do lift out somewhere, we will certainly entertain that as well. Because I think we can all see as we go forward, the importance of not having a dependency on just the margin, fee income piece is critical, which is -- speaks well to our profile when you look at the lines of business that we're in, whether it's the premium finance or the SBA or the mortgage. So I think we could do things to further those existing lines in addition to potentially finding other opportunities for fee income on both the bank and nonbank side.
Kevin Fitzsimmons -- D.A. Davidson -- Analyst
Great, Thank you.
H. Palmer Proctor Jr. -- Chief Executive Officer
You bet.
Operator
[Operator Instructions] Our next question is from David Feaster from Raymond James. David, Please go ahead.
David Feaster -- Raymond James -- Analyst
Hey. Good morning, Everybody. I just wanted to start on production. Overall, production, you guys have done a really good job and held steady just north of about $900 million in the past couple of quarters. I guess, how do you think about the ability to accelerate production going forward? Is there a -- we've talked in the past about the increased appetite to maybe move upstream? Does that potentially help? Or is it new hires that you talked about? Just curious your thoughts on that production side.
H. Palmer Proctor Jr. -- Chief Executive Officer
Yes. I would answer it this way, David. We are very fortunate with the investments that I touched on earlier that we've made over the last 18 months, and there's very little dependency on betting on the comp for the future because we've got the right resources in place, and we're very fortunate to be in some high-growth markets. So when you look at incremental growth for the remainder of this year and into next year, and the pipelines are as full as they've ever been. So I feel very encouraged across the board in all lines of business. And more particularly, in a lot of the new markets we're in, and that's both from a deposit and a loan production standpoint. So I think for us, unlike many others, we pretty much know exactly where that production is coming from and the investments we made a while back are already hitting the stride because, as you know, when you make investments in new talent, there's a ramp-up period.
And that period for us, we've already got a run rate, not a ramp-up period. And I think that will be a big distinction, especially when you look at some of the heavy growth markets that we're in. So right now, as Nicole touched on in terms of our anticipation for growth, a lot of it is obviously driven by what happens with the economy and the political headwinds. But I feel very confident in our ability to continue to grow, and that has a lot to do with the talent and it has a lot to do with the growth markets that we operate in.
David Feaster -- Raymond James -- Analyst
That's helpful. And then maybe just touching a bit on the competitive landscape. We hear a lot of competition on the pricing side. Obviously, new loan yields have come down. But just curious your thoughts on the competitive landscape from both a pricing and a structure standpoint. Do you think that's intensified at all? And then do you -- I guess, on the pricing front, do you think -- it seems like there's more pressure on the variable side. Just curious whether the steepening of the curve is helping new pricing at all that we might be troughing?
H. Palmer Proctor Jr. -- Chief Executive Officer
Yes. I think pricing is going to continue to be a challenge. In terms of structure, I will tell you, I don't see anybody in our peer group that's reaching on asset quality in terms of compromising asset quality, which is a good thing because, as we all know, can lead to major problems down the road. So from what I've seen out there, I don't see anybody reaching on or basically compromising on asset quality. What you do see along the lines of structure, there are some extended interest-only periods that are being offered. The nonrecourse, you're seeing a lot more nonrecourse, but at the same time, you're seeing much more equity going into deals and stronger sponsors behind those deals. So I think there's some mitigants there. The way we look at pricing is we're going to be very competitive if there's a relationship involved. If there's not, and it's simply a transaction, that's very different.
The other thing, I think, is a big distinction for us, just due to our ability to grow organically. When a lot of people are growing these portfolios, they have a dependency to depend on third-party indirect relationships and participations. That is not something we have a dependency on, and I'm glad for that, that I think can -- a bridge strategy there can become a permanent strategy, and we don't want to get ourselves into that situation. So that being said, then you're going to have to fight for the business. And pricing, as we look forward, we'll continue to be very competitive on both the C&I side and the CRE side. But the only compromise I'm seeing right now is on structure in terms of really interest rate risk that you may be taking and then interest-only periods in nonrecourse.
David Feaster -- Raymond James -- Analyst
Okay. That's helpful. And then just kind of following up on the M&A commentary. I mean there's a lot of discussions out there. Everybody's playing matchmaker. Just appreciate that you guys are coming at this from an opportunistic standpoint and don't need to do something. I guess, what's your appetite for maybe more of a transformative type acquisition versus some more of those bolt-on type deals? Just curious how you think about those.
H. Palmer Proctor Jr. -- Chief Executive Officer
Well, to your point, we've been extremely disciplined in our approach. And we are not against a larger type transaction, but having just been through an NOE here, I can tell you they're very difficult to implement over time. And so you have to be prepared for those challenges. So for us to get into something that would be along those lines, it would have to check a lot of boxes. And when you start looking at -- and we're very sensitive dilution, as you know. And so when you go down that path, oftentimes, it's going to be hard to find a partner in that regard. But that being said, we're not against larger transactions, but they would certainly have to be in keeping with our disciplines here.
David Feaster -- Raymond James -- Analyst
Okay, Thank you. And then Nicole, if I could just squeeze one more in. Could you -- appreciate the commentary on the onetime expenses. Could you quantify those? Maybe just give us any thoughts on a good core expense run rate going forward?
Nicole S. Stokes -- Corporate Executive Vice President And Chief Financial Officer
Yes. So the tax piece was about $4 million. And then the kind of the onetime other expenses were about another $3.5 million to $4 million.
David Feaster -- Raymond James -- Analyst
Okay. Thank you.
Operator
Our next question comes from Christopher Marinac from Janney Montgomery Scott. Christopher, Your line is open.
Christopher Marinac -- Janney Montgomery Scott -- Analyst
Thanks. Good morning, Palmer, Nicole, can you talk about new hires in both -- on all of the commercial, wealth and mortgage channels? Just curious kind of new staffing changes in the future?
H. Palmer Proctor Jr. -- Chief Executive Officer
Yes. Thank you, Chris, for the questions. As I've mentioned before, we are fortunate in the sense that to hit our current projections for growth, we've got everybody we need. So anything -- anybody that we add now in a way of talent is incremental growth and talent. And third quarter, in terms of the commercial front, we hired about five folks there. It was kind of evenly dispersed across the board in terms of commercial bankers. From Greenville to Atlanta, Jacksonville and Tampa. We have made some recent hires in the wealth department as well that I think will be meaningful and that area continues to grow and the great fee income opportunity for the bank, especially as we expand into other markets. Mortgage, we're constantly hiring there. And so that's always active.
But right now, the majority of the banker hires that we're seeing or the talent we're seeing, which is coming primarily from most of the larger regional banks is in the -- on the commercial front. And some of those are in our newer markets, the charlottes, the Tampas. We're seeing some good opportunities there in addition to add some supplemental talent in the Greenville, Atlanta and Jacksonville markets.
Christopher Marinac -- Janney Montgomery Scott -- Analyst
Okay. Great. And then just a follow-up on the mortgage business. I know that the gain on sale was better this quarter, as you disclosed. I know it's a multi-quarter evolution on kind of some of the efficiencies in mortgage, but what's the progress there? And kind of how will that play out this next year?
Nicole S. Stokes -- Corporate Executive Vice President And Chief Financial Officer
Sure. So we continue to look at the efficiency ratio in the mortgage group. And I think you can see on the mortgage side that we added, that our expenses continue to go down with the revenues. And so we had this quarter, we did have -- because of those pair-off fees that are -- they are still about 80% variable of our expenses. And so any kind of change in the production is what will drive that efficiency. And then we continue to look for other areas within mortgage to find some efficiencies.
H. Palmer Proctor Jr. -- Chief Executive Officer
Chris, as we talked on last quarter too, technology is a big opportunity here and a big driver for all mortgage companies and ours included. And we feel like we've got a good hit start on that, which really helped us propel us through the opportunities during pandemic. But that being said, as we go forward, we continue to find more and more opportunities for efficiency just in terms of how we produce. And then also looking at capturing more of the online type mortgage opportunities that exist as opposed to just through the retail network.
Christopher Marinac -- Janney Montgomery Scott -- Analyst
Great. And just to expand on Nicole's point. So if you have a quarter or a year where production is not expanding, there's still opportunities to get the margin slightly better, just with purely those efficiencies?
Nicole S. Stokes -- Corporate Executive Vice President And Chief Financial Officer
When you say the margins, so the gain on sale margin is not necessarily, but there is an opportunity for efficiency based on the production.
Christopher Marinac -- Janney Montgomery Scott -- Analyst
Okay. So think of it as two to two. Two separate?
Nicole S. Stokes -- Corporate Executive Vice President And Chief Financial Officer
That's right. And so really, when you think about mortgage revenue, you've got two drivers, you've got production and gain on sale. And so a lot of the expense structure is based on the production and not necessarily on the gain on sale. So if the gain on sale goes up, where -- obviously, the efficiency ratio will get better. But if the gain on sale goes down, there's not necessarily that driver on the expense side to stabilize it. But as production goes up or down, you have the expenses moving in line with that. So it's certainly driven by the production side as far as the downward improvement of an efficiency ratio.
Christopher Marinac -- Janney Montgomery Scott -- Analyst
Got it, Thanks for clarifying that. I appreciate it.
Nicole S. Stokes -- Corporate Executive Vice President And Chief Financial Officer
Sure.
Operator
Our next question is from Brody Preston from Stephens Inc. Brody, Please go ahead.
Brody Preston -- Stephens Inc. -- Analyst
Good morning, Everyone. Nicole, there was a line in the press release as it relates to mortgage that kind of caught my eye. You noted that there was an $18.5 million reduction in mortgage pair-off compared to the second quarter. And I know that those fees are typically kind of charged to the sellers of mortgage loans if they don't fulfill their agreements. And so are you all a buyer of mortgage loans before for securitization purposes? Like what is the -- what are those pair-off fees for you all?
Nicole S. Stokes -- Corporate Executive Vice President And Chief Financial Officer
Sure. And so no, we are not a buyer of those. And what that really had to do it is last quarter because of -- it's a timing issue and because of last quarter, the overall production, and we accelerated the selling of some loans in the second quarter that we received some pair-offs in excess. We were able to over fulfill some. And so we've got the benefits of that last quarter, which is really that drives of that coming down this quarter. So it's not necessarily that we were penalized this quarter. It's just that we had some excess or some additional last quarter.
Brody Preston -- Stephens Inc. -- Analyst
Okay. Got it. And was any of that in the gain on sale margin last quarter? Or is that excluded from that?
Nicole S. Stokes -- Corporate Executive Vice President And Chief Financial Officer
It's excluded from that.
Brody Preston -- Stephens Inc. -- Analyst
Okay. Understood. Thanks for that. Maybe just on the margin front, maybe trying this a different way. So when I look at the HFI loan income and I stripped out the impacts of purchase accounting and PPP. Year-over-year, you all are down about 2.5% to about $145 million this quarter versus about $149 million in the 3Q20 quarter. And I know that the new production yields are relatively challenging, but you all have grown core loans five percent over that period. So I guess, help me think about the trajectory, I guess, maybe of loan income going forward, especially as new production yields seem to be coming on a bit lower. And when I look at the back book, at least for stand-alone Ameris, I know some of that changed post-LION. But in 2018 and 2019, the banking division was putting on loans in the high fours to mid-fives kind of range. So it just seems like a challenging ramp for loan income despite a strong growth outlook from here. So how do we think about that?
Nicole S. Stokes -- Corporate Executive Vice President And Chief Financial Officer
No, I think you're exactly right. And like I said, our projections don't -- if you just take out any Fed rate or steepening there of the curve, that it's definitely an uphill battle. But our bankers have done a tremendous job, especially, I mean, this quarter is a great example of that. So while we continue to see the coming on rate below our current margin, and we continue to see that squeeze coming in on the loan side, we do have the growth to offset some of that. So you make up some of that lost revenue you make up on volume versus the rate. And so we continue to do that. And it's interesting when you look at kind of our coming on rates, our fixed rate production has been fairly stable over the last few quarters. It's that variable rate production that's lower. And so that will help us and help us on the asset sensitivity side so that when rates do start to move, that piece of the portfolio will move as well and will help us in that environment.
Brody Preston -- Stephens Inc. -- Analyst
Got it. Thank you for that, And then on the CECL side, you all noted that there was a $7.5 million decrease on specific reserves. And there were net recoveries in the quarter and gross charge-offs were only $3.5 million. So I wanted to ask, what was it that drove that? I think there was a reduction in the hotel exposure this quarter. Was it related to that? Just wanted to get a sense for what happened there.
H. Palmer Proctor Jr. -- Chief Executive Officer
That's exactly what happened there. As we push further behind or ahead of the COVID impact, hotels, certain hotel loans were showing improvement through the quarter, and they were removed off of the 14 list.
Brody Preston -- Stephens Inc. -- Analyst
Got it. Okay. And I think there was $49.3 million of the hotel exposure that was still on the watch list. Is that something where I think you guys did a pretty good job exiting some of the weaker relationships last year. Is that something where you continue to work with those borrowers? Or is it -- are those loans that you've kind of earmarked for natural kind of run off as they mature going forward?
H. Palmer Proctor Jr. -- Chief Executive Officer
Well, really, what that is more a reflection of is some hotels were faster to heal than others. And so we're kind of -- until we get pretty good clarity of the financial performance post COVID, they're better and sustainable, we've left them on the watch list. So what really that is, is just sort of the remnants of hotel loans that have yet to really reach breakeven or better operating results, but not necessarily saying that we'll look to push those out of the bank, but they're just continuing to take a little extra time to get over the hump.
Brody Preston -- Stephens Inc. -- Analyst
Got it. Okay. And then I just had one more. Nicole, If I could just circle back to those pair-off fees. I just had a question from someone. Should I -- should we expect those to be in the yearly run rate, like some of those pair-off fees tied to the excess production on a fairly lumpy basis quarter-to-quarter? Or is that something that is more idiosyncratic to that quarter, and it shouldn't be modeled going forward?
Nicole S. Stokes -- Corporate Executive Vice President And Chief Financial Officer
The latter, you're exactly right. And it really had to do with that push in the second quarter to accelerate some sales in the second quarter. And so it's typically not as lumpy.
Brody Preston -- Stephens Inc. -- Analyst
Got it. Thank you very much for taking my questions. And I appreciate it.
Nicole S. Stokes -- Corporate Executive Vice President And Chief Financial Officer
Thanks, Brody..
Operator
This concludes today's Q&A session. So I'll now hand back to Palmer Proctor for any closing remarks.
H. Palmer Proctor Jr. -- Chief Executive Officer
Great. Thank you, Adam, and I'd like to thank everybody again for listening to our third quarter 2021 earnings results. We remain well positioned for the future as we stay focused and disciplined on growth and operating efficiencies and opportunities that we go forward to grow the franchise, and we really remain excited about the remainder of 2021 and into 2022. So thank you all again for your interest in Ameris Bank.
Operator
[Operator Closing Remarks]
Duration: 14 minutes
Call participants:
Nicole S. Stokes -- Corporate Executive Vice President And Chief Financial Officer
H. Palmer Proctor Jr. -- Chief Executive Officer
Brady Gailey -- KBW -- Analyst
Casey Whitman -- Piper Sandler -- Analyst
Kevin Fitzsimmons -- D.A. Davidson -- Analyst
David Feaster -- Raymond James -- Analyst
Christopher Marinac -- Janney Montgomery Scott -- Analyst
Brody Preston -- Stephens Inc. -- Analyst
More ABCB analysis
All earnings call transcripts
This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ameris Bancorp (NASDAQ: ABCB) Q3 2021 Earnings Call Oct 29, 2021, 9:00 a.m. Davidson -- Analyst David Feaster -- Raymond James -- Analyst Christopher Marinac -- Janney Montgomery Scott -- Analyst Brody Preston -- Stephens Inc. -- Analyst More ABCB analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Because I think we can all see as we go forward, the importance of not having a dependency on just the margin, fee income piece is critical, which is -- speaks well to our profile when you look at the lines of business that we're in, whether it's the premium finance or the SBA or the mortgage. | Davidson -- Analyst David Feaster -- Raymond James -- Analyst Christopher Marinac -- Janney Montgomery Scott -- Analyst Brody Preston -- Stephens Inc. -- Analyst More ABCB analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Ameris Bancorp (NASDAQ: ABCB) Q3 2021 Earnings Call Oct 29, 2021, 9:00 a.m. And exclusive of PPP runoff, loans grew over $250 million or seven percent annualized during the quarter, and that leaves our year-to-date annualized loan growth of 8.7% excluding PPP runoff and 3.2% including PPP runoff. | Ameris Bancorp (NASDAQ: ABCB) Q3 2021 Earnings Call Oct 29, 2021, 9:00 a.m. Davidson -- Analyst David Feaster -- Raymond James -- Analyst Christopher Marinac -- Janney Montgomery Scott -- Analyst Brody Preston -- Stephens Inc. -- Analyst More ABCB analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. But the thing that we're really proud of, if you look at our net interest income, exclusive of accretion and PPP kind of getting to that core NII, it increased $3.4 million this quarter over last quarter and $1.7 million this quarter over the last -- this time last year. | Davidson -- Analyst David Feaster -- Raymond James -- Analyst Christopher Marinac -- Janney Montgomery Scott -- Analyst Brody Preston -- Stephens Inc. -- Analyst More ABCB analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Ameris Bancorp (NASDAQ: ABCB) Q3 2021 Earnings Call Oct 29, 2021, 9:00 a.m. So between the production and the margin, we feel very positive about fourth quarter in terms of mortgage, a lot of mortgages, as you all know, is about timing, and we had the opportunity to have some meaningful sales at the end of second quarter that obviously impacted third quarter. |
27769.0 | 2021-10-25 00:00:00 UTC | Big Bank Earnings Breakdown: Here's What You Need to Know | ABCB | https://www.nasdaq.com/articles/big-bank-earnings-breakdown%3A-heres-what-you-need-to-know-2021-10-25 | nan | nan | Earnings season is now underway, and we've seen the latest numbers from all of the big U.S. banks. In this installment of Industry Focus: Financials, host Jason Moser and Fool.com contributor Matt Frankel, CFP, discuss third-quarter results from JPMorgan Chase (NYSE: JPM), Bank of America (NYSE: BAC), Wells Fargo (NYSE: WFC), Citigroup (NYSE: C), and Goldman Sachs (NYSE: GS). Hear which bank had the best quarter, and what stocks Jason and Matt are keeping an eye on this week.
To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks. A full transcript follows the video.
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This video was recorded on Oct. 18, 2021.
Jason Moser: [MUSIC] It's Monday, October 18th. I'm your host, Jason Moser. If you caught last week's Financials show, then you heard our earnings preview for the big banks. This week, we're jumping into what they all had to say with our earnings review here to make sense of it at all. It's the one, it's the only certified financial planner Mr. Matt Frankel. Matt, how is everything going?
Matt Frankel: Just fine it's a nice, sunny and not-too-hot day in South Carolina. You only get a few of those before winter, our fall is like a week long.
Moser: It's contagious, it's throughout that way up here to Virginia, it's really nice sunny day, cool outside seems like it's really starting to turn into fall, which I think we're all kind of happy about. You get some Halloween decorating done over the weekend. My kids are very proud of what I put out there this year.
Frankel: Our house is all decorated and we have a golf cart, so one of my kids' favorite things to do this time of year as drive around the neighborhood on the golf cart looking at all the decorations. [laughs]
Moser: Nice, good deal. Well, Matt, we were talking last week about all of the banks that we're getting ready to announce earnings as earnings season has gotten underway here. We wanted to circle back this week and then take a look at these reports and see if there were any underlying themes and just generally see how these banks are doing. It has been a much different year, I would say, this year versus last for these big banks. We're having a very good year to date for the most part and a good trailing 12 months, too when you look at the performance for these big five. Let's just go in order here. We'll take JPMorgan first because they announced last Wednesday. What stood out to you in JPMorgan's report? We're always paying a little bit, I think closer attention because of Jamie Dimon, but what's stood out to you in JPMorgan's most recent quarter?
Frankel: There are a few common themes among all of these earnings reports, they were all generally good first of all. All five of the banks we're going to talk about beat earnings expectations, which is pretty impressive. There were a lot of reserve releases, which is one of the things we mentioned in the preview show last week if you remember. Banks have more visibility into their loan losses now, now that COVID is, I don't want to say winding down, but definitely we're moving on with life in general.
Moser: We're in a much different place now than we were before and it's much better situation for sure.
Frankel: Right. Just to run down JPMorgan, they had a $2.1 billion reserve release. The reason I'm mentioning that first is because that was a big part of its earnings beat. It beat expectations and it earned $3.74 a share versus $3 EBITDA was the expectation. But over $0.50 of those earnings were in the form of a reserve release. The beat wasn't as good as it sounds, but it was still more than expected. Revenue grew 2% year over year, which is nice considering that interest rates are still pretty low. Revenue came in higher than expected. Jamie Dimon who you mentioned, gave his thoughts on the economy and said he is really impressed with the economic growth despite the delta variant making us go backward a little bit during the third quarter. I would call the second quarter really the reopening quarter of the year. Whereas the third quarter, I don't want to say it was a shutdown quarter, but things definitely took a pause a little bit in terms of reopening in August and September.
Moser: Yeah.
Frankel: Interest income was actually better than expected, which is really nice to see. Net interest income came in about $200 million more than expectations called for.
Moser: Wow.
Frankel: Which remember, interest rates are still pretty low. They started to pick up during the third quarter, but still very low historically. In the investment banking side of it, investment banking revenue was up 50% year over year.
Moser: Yeah.
Frankel: That's strong M&A and IPO market that we mentioned during the preview. One potential negative, JPMorgan was the only bank that missed on some of its trading revenue and investment banking. They missed on the fixed-income side, they came in well below expectations. They beat on the equities trading sides, so that kind of evened it out, but still something to watch. We've talked about it many times, how trading revenue is like the least predictable type of banking income. But in general, overall loan portfolio is up 5% year over year. Jamie Dimon called the loan growth "stabilized," which is nice because remember, loans were declining for a little while there. Deposits are up 19% year over year. Overall, really good quarter.
Moser: Yes. The deposit number, we'll talk, I think, a little bit about that with the Bank of America as well. That's one of those things that can help, I think, that net interest income because typically, there was this higher deposits which were essentially zero-interest deposits for the most part. That gives them a little bit more to work with, so to speak, they're bringing in a little bit more than they have to pay out on that slide. One thing I noticed, and I want to just get your quick feelings on this, there is a question on the call in regard to the supply chain disruptions. I mean it's not just semiconductors, that's virtually everything. We're hearing, you better get holiday shopping now. We're seeing Amazon, Walmart, Target, they're all going to start rolling out these holiday shopping promotions early. Dimon seems to think, listen, he didn't think we are going to be talking much about these stuff in a year. Then maybe we are focusing on it a little bit too much right now that it's dampening a fairly good economy, not reversing a fairly good economy. Do you feel like maybe he's a little bit blasé about this? He kind of just glosses over it, but I mean, I don't know, it seems to me like he's not as concerned with it or he certainly feels like there are others out there who remain concerned this could well into next year.
Frankel: I feel like the supply chain disruptions have already lasted longer than a lot of people thought. The holiday season it could be interesting and it's not just supply chain, it's a labor shortage, too. What happens every year around the holiday season, companies like Target and Amazon, hire tens of thousands of seasonal workers. They're going to have trouble doing that this year. You're not only going to have competition for products, but you're going to have bigger crowds than these stores' employees can handle in a lot of cases. That's something to watch, too. But I see it clearing up early in 2022. I agree with him on that point.
Moser: Good enough. Well let's move on to Bank of America. Again, I know this is a bank that you follow closely, a bank you like, it seemed like it was a pretty good quarter.
Frankel: Yeah. I'm going to sound like a broken record in some of these just because [laughs] I always age myself with that phrase, broken record. Most people listening don't know what a record is.
Moser: Vinyl's making a come back. [LAUGHTER] Want's some little piece vinyl.
Frankel: Broken record is something that repeats itself for young ones out there. [LAUGHTER] Bank of America beat on both earnings and revenue. They beat expectations on both. Earnings were up 58% year over year, which is really nice because remember there weren't these big reserve releases last year, things like that. It was more going the other direction, banks were setting aside money in anticipation that things were going to get bad. Bank of America released $1.1 billion in the quarter. Not quite as much of a reserve release as JPMorgan, but still over a billion dollars. A billion is a billion. Net interest income grew 10% year over year, which was nice to see, given that the interest rates, like I mentioned, are just starting to tick up, which was much better than expected. Annualized loan growth is up 9% quarter over quarter. I think that was the best out of the big banks. Their loan portfolio is growing nicely led by commercial lending, which was nice to see. Meaning companies are willing to borrow and spend money more than people thought. Investment banking fee incomes up 23% year over year. Advisory revenues, M&A, and equity underwriting, which is IPOs, were the strongest parts. That part was up 65% year over year and they beat their trading revenue which is, like I've said, notoriously tough to predict, beat on both the fixed income and the equity side, unlike JPMorgan Chase. Really solid quarter if I were to give JPMorgan a B for the quarter, I'd give Bank of America probably a B plus or A minus.
Moser: One thing that stood out to me, they have 41 million customers now using their digital platform, which I'll just tell you from the perspective of one of those 41 million and we've been Bank of America customers for a long time, one of the reasons we are Bank of America customers, frankly is just a headache trying to switch banks. But, even if I wanted to, which we don't, I think that's the key there is that we really have no reason to. The service is good. We think the digital platform is good. It just feels like that's such a sticky form of engagement that will keep people in that universe. It really is very user-friendly digital platform, which to me it feels like they're only going to continue to make those investments and grow that capability up.
Frankel: Well out of the five we're talking about, I feel like Bank of America took the lead on investing in technology.
Moser: It feels to me that way as well. Yeah.
Frankel: I'm a Wells Fargo customer and Wells Fargo has a nice, user-friendly app and platform. I use Bank of America for our business account related to my real estate investing. It's a better platform, it just is. It's more user-friendly and you could tell that they spent the money.
Moser: Yep. Indeed. Speaking of Wells Fargo, it feels like things are slowly but surely coming back online for them. Stock continues to have a good year and it feels like this was a pretty good, maybe nothing terribly noteworthy, but it felt like it was pretty good quarter, it kept them going in the right direction.
Matt Frankel: Yeah, it was a strong quarter. Like I said, I would've given JPMorgan a B, I would've given Bank of America probably a B plus or A minus, Wells Fargo will get like a B minus to a C. Not a bad quarter, but like you said, nothing terribly great. They beat earnings expectations, most of that was because of a reserve release. They released $1.65 billion. Remember, Wells Fargo is the most consumer-facing out of the five, meaning they're not really focused on the investment bank. They loan money, that's how they make their money. Net interest income was down 5% year over year. Remember I mentioned Bank of America's was up 10%, so their interest income is trending in the opposite direction, which is concerning. That's probably the biggest ding on the quarter. One thing that's really impressive, they spend $5.3 billion on buybacks in the third quarter alone.
Moser: Wow.
Frankel: That's an aggressive buyback pace.
Moser: That is.
Frankel: I don't have the figure in front of me, but I want to say Wells Fargo's total market cap is in the $200 billion range.
Moser: Yeah, that sounds about right.
Frankel: That means say they bought back more than the 2.5% of their share count in the third quarter alone.
Moser: Yeah, $193 billion I'm seeing right now on Capital IQ.
Frankel: That's a big buyback pace.
Moser: It is.
Frankel: Consumer loans still down year over year, down 2% from the second quarter. Not terribly concerning about in line with peers. Deposits continue to rise and Wells Fargo's nicely profitable, that return on equity of 11.1%, which is above that magical 10% threshold. Strong quarter but nothing to jump up and down in the street about.
Moser: Do you feel like the headwinds that they're facing in on the net interest income side, you feel like that's partly due to the fact that regulators are still keeping the growth lid on, so to speak. There's still not able really to grow. You're not going to bring those deposits. We see with JPMorgan and Bank of America for example, there's robust deposit growth numbers. Wells is going to be limited in what they can do there. You feel like that's something that plays into that net interest income. If so, then it feels like maybe that's a bit more of a short-term concern as opposed to a long-term one.
Frankel: Absolutely. When their peers are growing their deposit base at 20% year over year, like in some of these cases. JPMorgan's was up 19% year over year. Wells Fargo's was up less than 4% year over year.
Moser: Yeah.
Frankel: When you have that big difference in deposit growth, of course, it gives the other banks an advantage to generate more interest because it gives them more money to lend. Even if their loan portfolio is not necessarily growing as fast as they like it to, it still gives them that big capital base to lend out and make money, so Wells Fargo, that's definitely a handicap for them right now.
Moser: Do you think going forward that these banks and I'm going to pick on Bank of America and JPMorgan and Wells specifically here, just because these numbers are so large. These reserve releases and there are no surprise we've been talking about them for a year, waiting for this to essentially happen. It feels like though they're going to have to wean themselves of that crotch. Again, I don't know how much more they can release in order to impact the bottom line, so to speak, it feels like going forward, maybe there's going to be a little bit more of a burden on these banks to start growing again. They are going to certainly need to see that interest rate environment improve a little bit, but it feels like they can't rely on these reserve releases much longer. What about Citigroup stood out to you this quarter, Matt?
Frankel: It was nice, it was a good quarter. Nothing terribly impressive. Their loan portfolio was flat year over year, except you have nothing really to report there.
Moser: Right.
Frankel: Pretty strong deposit growth. Middle of the pack, 7% year-over-year deposit growth. Earnings came in ahead of expectations, were up 48% year over year. Revenue beat expectations, both sides of trading beat expectations. They're the only major bank with a return on equity below 10% though, they're at 9.5 right now and their overall revenue declined by one percent year-over-year. Not a fantastic quarter, but another one I would probably give a C to.
Moser: That's a pretty card-heavy bank isn't it? That's more card exposure than the others.
Frankel: They are very card-heavy bank and they're a very international heavy bank.
Moser: Yeah.
Frankel: I know they have the most international exposure out of any of the five banks we're talking about. That's something that's also been weighing on them. If you're an international bank and a lot of these international markets have been hit much worse than the U.S. in the past year or so. They rely on international commerce which is at a disadvantage right now.
Moser: Yeah. Absolutely.
Frankel: I'd give it a C. Nothing great, nothing too bad.
Moser: Goldman Sachs wrapped it up for us on Friday morning when they announced their quarterly results. I mean, clearly Goldman is a more investment banking centric idea there. Now, we can't hold that against them because it looks like investment banking revenue for Goldman did pretty darn well this past quarter, Matt.
Frankel: Yeah. They had a pretty strong quarter. Earnings up 63% year over year and that's not due to reserve releases. That just because their business is making tons of money. Revenue grew 26% year over year. Goldman trades at 7.5 times trailing-12-month earnings right now. 7.5 times earnings. Not many stocks in the market can do that.
Moser: No. [laughs]
Frankel: Investment banking revenue, you mentioned up 88% year over year. They beat expectations pretty much across the board throughout their business. They're trying to pivot away from investment banking. Remember, they are building out their credit card business, they have the Apple Card, they have some General Motors credit card business.
Moser: Yeah.
Frankel: They are acquiring a fintech render called GreenSky that should close in the first quarter of next year. That part of the business, it's still just a small part of the total, just doing the quick math in my head, it's about 15% of the business, the consumer and wealth management division. But it's growing fast, it grew 35% year over year, specifically on higher loan balances. All these other banks, their loans were flat, they were down year over year. Goldman's are growing. They're building up the credit card business aggressively. They're doing it in the right way, I mean, Apple's customer base are pretty desirable one to bring into your ecosystem. Goldman Sachs, there's really nothing bad to say about the quarter. One thing I would point out is that Goldman Sachs tends to thrive in unusual times.
Moser: Yeah.
Frankel: 2021, so far through the first three quarters has been the most they've earned through three quarters in their history. But the previous record was in 2009, when we all remember what was happening in 2009, that's when they made the most money before this because it was a very volatile environment. Their investment banking business does well when companies need to raise capital, when there's a lot of trade, when there is a lot of uncertainty, which is great for trading, not necessarily IPOs, but when companies are making fire sale acquisitions, which we saw a ton of in 2009. Some of these banks made big acquisitions in 2009, and Bank of America acquired Merrill Lynch and Wells Fargo bought Wachovia, things like that are great for investment banks who facilitate those deals. 2021 has been an unusual year, both in terms of IPO volume. Remember, there has been like something like 500 SPACs or loan that have gone public in 2021. It's been an unusual year, it's been a volatile year, both in good and bad ways and Goldman tends to thrive in those environments. It's unclear how much of their earnings growth is transitory and how much is permanent at this point. But other than that, there's not a whole lot negative to say.
Moser: That's a really good point. I mean, you look at the way the company has performed thus far this year, they've grown book value so 17.4% year to date so to your point, yeah. I mean, they're thriving in the uncertainty and that uncertainty just creates a lot of business for them and it feels like that's the way the rest of the year is going to shake out and certainly could be into 2022 as well, but I guess we will have to wait and see. Matt, you were offering some grades along the way and I wanted to get your thoughts on if you look at all five banks and these are banks that you follow closely, you and I talk about these companies a lot. Just based on this most recent quarter, if you had to deem one of these five the winner who won earnings season of the five banks this year?
Frankel: I have to give Goldman Sachs an A.
Moser: Really?
Frankel: With the asterisk that this is not a normal year, that this is a great environment to be a pure investment bank. With that, I'm going to make a bold prediction and say that Goldman Sachs will be $1,000 stock within five years.
Moser: Wow.
Frankel: Well, I'll actually walk that back and say, I think Goldman Sachs should be $1,000 stock today.
Moser: [laughs]
Frankel: That would put it at about 22 times earnings which really isn't much of a stretch when you look at the rest of the market.
Moser: It feel like it wouldn't be.
Frankel: If it turns out they can keep growing their consumer business as they have been and it looks like their investment banking division maintains its lead, I think this could be their time. That's a stock that has not historically gotten the market's love. They had a negative stigma attached to their name for the longest time. They're really trying to renovate or reinvent themselves with their consumer banking division, which they're doing a fantastic job of. I think Goldman Sachs is going to be a big performer, especially as interest rates rise, right now they're building their consumer banking division into a low interest environment.
Moser: Yeah.
Frankel: As rates rise, I think they could be a big winner in that too. There's a lot to like about it.
Moser: This past week's Motley Fool Money, Chris Hill asked me that very same question, I was going over these banks for the show. It's interesting you went with Goldman because I was noodling between two. It was Goldman and Bank of America. Now, I ended up calling out Bank of America as my winner, really I felt like revenue growth, 12%, 15% boosted deposits. I mean, that record investment banking net and there's just a lot to like about the quarter. I figured man, when I was picking Bank of America that Matt Frankel will be proud of me for doing this. There you go picking Goldman so oh, well.
Frankel: It's tough to make an argument against Bank of America.
Moser: [laughs] I'm just giving you a hard time. I agree. To me, Goldman and Bank of America stood out as real two winners there. I think you're absolutely right Goldman has a lot going for it, so wouldn't shock me to see them continue that success. Matt, before we wrap it up this week, let's give our listeners a couple of financial related companies here, banks or otherwise, with some earnings coming up. What's the stock that you are watching this coming earnings season?
Frankel: Can I say all of them?
Moser: Sure [laughs] if you want. You got to give you a thesis for each.
Frankel: Well, I mentioned that I'm watching SoFi very closely this quarter and I'm going to be watching a lot of these real estate stocks. I don't know if you saw the news today that Zillow is stocking their iBuying business for the rest of the year.
Moser: I did see that.
Matt Frankel: I want to see if companies like Opendoor with ticker symbol O-P-E-N are having similar issues. They're stopping it because it's going so well. They're too big of a backlog. I want to see if their rivals have a similar thing going. I'll be watching all the iBuying businesses, Zillow, Opendoor, Redfin, etc.
Moser: Sounds good.
Frankel: I guess that counts as financials, real estate used to be in the financial sector.
Moser: We talk about real estate all the time on this show. It absolutely counts. We deem it as worthy on this show for sure. Good. Matt, I'm going to be jumping on a plane on Thursday and I'm flying down to Georgia, flying to Atlanta, drive down to Moultrie, go see my folks for a few days, playing my dad's membered guest down there and so in honor of going down to Moultrie, Georgia, this weekend, keeping an eye on Ameris Bank or I'm sure in Sherman, talk to a couple of the guys down there. But the stock has had a good year up 36%, year to date, up 100% over the last 12 months actually. I am interested to hear their take on commercial real estate, particularly given the fidelity deal that closed back in the middle of 2019. We were talking about Goldman Sachs growing that book value and Ameris continues to grow tangible book value as well noted the last quarter was growing at an annualized rate of 20% for the year. Our earnings for Ameris are out on Oct. 28 and I will be very interested to see what they have to say. Until then, Matt, I think that's going to do it for us. I appreciate you taking the time to go through all these earnings reports and give us your thoughts today.
Frankel: Well to talk about some of the smaller banks that are set to report this coming week like Ameris and some of the others. They're always fun to watch because they have different dynamics than the big banks in terms of regulation and stuff like that.
Moser: Absolutely. Look forward to it. As always folks, you can reach out to us on Twitter at MF Industry Focus, or you can drop us an email at industryfocus@fool.com. As always, people on the program may have interest in the stocks they talk about and the Motley Fool may have formal recommendations for or against. Don't buy or sell stocks based solely on what you hear. Thanks as always, to Tim Sparks for putting the show together for us. For Matt Frankel, I'm Jason Moser. Thanks for listening, and we'll see you next week.
Citigroup is an advertising partner of The Ascent, a Motley Fool company. JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. Bank of America is an advertising partner of The Ascent, a Motley Fool company. Wells Fargo is an advertising partner of The Ascent, a Motley Fool company. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Jason Moser owns shares of Amazon, Ameris Bancorp, and Apple. Matthew Frankel, CFP® owns shares of Apple, Bank of America, General Motors, Goldman Sachs, SoFi Technologies, Inc., Wells Fargo, and Zillow Group (C shares) and has the following options: short November 2021 $140 calls on Apple. The Motley Fool owns shares of and recommends Amazon, Apple, Opendoor Technologies Inc., Redfin, SoFi Technologies, Inc., Zillow Group (A shares), and Zillow Group (C shares). The Motley Fool recommends Ameris Bancorp and recommends the following options: long January 2022 $1,920 calls on Amazon, long March 2023 $120 calls on Apple, short January 2022 $1,940 calls on Amazon, short March 2023 $130 calls on Apple, and short November 2021 $65 puts on Redfin. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Jamie Dimon who you mentioned, gave his thoughts on the economy and said he is really impressed with the economic growth despite the delta variant making us go backward a little bit during the third quarter. Even if their loan portfolio is not necessarily growing as fast as they like it to, it still gives them that big capital base to lend out and make money, so Wells Fargo, that's definitely a handicap for them right now. Again, I don't know how much more they can release in order to impact the bottom line, so to speak, it feels like going forward, maybe there's going to be a little bit more of a burden on these banks to start growing again. | In this installment of Industry Focus: Financials, host Jason Moser and Fool.com contributor Matt Frankel, CFP, discuss third-quarter results from JPMorgan Chase (NYSE: JPM), Bank of America (NYSE: BAC), Wells Fargo (NYSE: WFC), Citigroup (NYSE: C), and Goldman Sachs (NYSE: GS). Matthew Frankel, CFP® owns shares of Apple, Bank of America, General Motors, Goldman Sachs, SoFi Technologies, Inc., Wells Fargo, and Zillow Group (C shares) and has the following options: short November 2021 $140 calls on Apple. The Motley Fool recommends Ameris Bancorp and recommends the following options: long January 2022 $1,920 calls on Amazon, long March 2023 $120 calls on Apple, short January 2022 $1,940 calls on Amazon, short March 2023 $130 calls on Apple, and short November 2021 $65 puts on Redfin. | In the investment banking side of it, investment banking revenue was up 50% year over year. Earnings were up 58% year over year, which is really nice because remember there weren't these big reserve releases last year, things like that. Moser: One thing that stood out to me, they have 41 million customers now using their digital platform, which I'll just tell you from the perspective of one of those 41 million and we've been Bank of America customers for a long time, one of the reasons we are Bank of America customers, frankly is just a headache trying to switch banks. | Earnings were up 58% year over year, which is really nice because remember there weren't these big reserve releases last year, things like that. [laughs] Frankel: Investment banking revenue, you mentioned up 88% year over year. Moser: It feel like it wouldn't be. |
27770.0 | 2021-09-28 00:00:00 UTC | Ameris Bancorp Reaches Analyst Target Price | ABCB | https://www.nasdaq.com/articles/ameris-bancorp-reaches-analyst-target-price-2021-09-28 | nan | nan | In recent trading, shares of Ameris Bancorp (Symbol: ABCB) have crossed above the average analyst 12-month target price of $52.93, changing hands for $53.05/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher — if things are looking up for the company, perhaps it is time for that target price to be raised.
There are 7 different analyst targets within the Zacks coverage universe contributing to that average for Ameris Bancorp, but the average is just that — a mathematical average. There are analysts with lower targets than the average, including one looking for a price of $35.00. And then on the other side of the spectrum one analyst has a target as high as $60.00. The standard deviation is $8.146.
But the whole reason to look at the average ABCB price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with ABCB crossing above that average target price of $52.93/share, investors in ABCB have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $52.93 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover Ameris Bancorp:
RECENT ABCB ANALYST RATINGS BREAKDOWN
» Current 1 Month Ago 2 Month Ago 3 Month Ago
Strong buy ratings: 4 4 4 4
Buy ratings: 1 1 1 1
Hold ratings: 1 1 1 1
Sell ratings: 0 0 0 0
Strong sell ratings: 0 0 0 0
Average rating: 1.5 1.5 1.5 1.5
The average rating presented in the last row of the above table above is from 1 to 5 where 1 is Strong Buy and 5 is Strong Sell. This article used data provided by Zacks Investment Research via Quandl.com. Get the latest Zacks research report on ABCB — FREE.
The Top 25 Broker Analyst Picks of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In recent trading, shares of Ameris Bancorp (Symbol: ABCB) have crossed above the average analyst 12-month target price of $52.93, changing hands for $53.05/share. But the whole reason to look at the average ABCB price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with ABCB crossing above that average target price of $52.93/share, investors in ABCB have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $52.93 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? | In recent trading, shares of Ameris Bancorp (Symbol: ABCB) have crossed above the average analyst 12-month target price of $52.93, changing hands for $53.05/share. But the whole reason to look at the average ABCB price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with ABCB crossing above that average target price of $52.93/share, investors in ABCB have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $52.93 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? | And so with ABCB crossing above that average target price of $52.93/share, investors in ABCB have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $52.93 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? In recent trading, shares of Ameris Bancorp (Symbol: ABCB) have crossed above the average analyst 12-month target price of $52.93, changing hands for $53.05/share. But the whole reason to look at the average ABCB price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. | In recent trading, shares of Ameris Bancorp (Symbol: ABCB) have crossed above the average analyst 12-month target price of $52.93, changing hands for $53.05/share. But the whole reason to look at the average ABCB price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with ABCB crossing above that average target price of $52.93/share, investors in ABCB have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $52.93 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? |
27771.0 | 2021-09-28 00:00:00 UTC | Ameris Bancorp (ABCB) Ex-Dividend Date Scheduled for September 29, 2021 | ABCB | https://www.nasdaq.com/articles/ameris-bancorp-abcb-ex-dividend-date-scheduled-for-september-29-2021-2021-09-28 | nan | nan | Ameris Bancorp (ABCB) will begin trading ex-dividend on September 29, 2021. A cash dividend payment of $0.15 per share is scheduled to be paid on October 08, 2021. Shareholders who purchased ABCB prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 9th quarter that ABCB has paid the same dividend. At the current stock price of $53.05, the dividend yield is 1.13%.
The previous trading day's last sale of ABCB was $53.05, representing a -11.36% decrease from the 52 week high of $59.85 and a 140.33% increase over the 52 week low of $22.07.
ABCB is a part of the Finance sector, which includes companies such as J P Morgan Chase & Co (JPM) and Bank of America Corporation (BAC). ABCB's current earnings per share, an indicator of a company's profitability, is $6.09. Zacks Investment Research reports ABCB's forecasted earnings growth in 2021 as 18.32%, compared to an industry average of 25.2%.
For more information on the declaration, record and payment dates, visit the abcb Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to ABCB through an Exchange Traded Fund [ETF]?
The following ETF(s) have ABCB as a top-10 holding:
Invesco S&P SmallCap Quality ETF (XSHQ)
Direxion Daily Regional Banks Bull 3X Shares (DPST).
The top-performing ETF of this group is XSHQ with an increase of 2.21% over the last 100 days. It also has the highest percent weighting of ABCB at 1.86%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABCB is a part of the Finance sector, which includes companies such as J P Morgan Chase & Co (JPM) and Bank of America Corporation (BAC). Zacks Investment Research reports ABCB's forecasted earnings growth in 2021 as 18.32%, compared to an industry average of 25.2%. For more information on the declaration, record and payment dates, visit the abcb Dividend History page. | Shareholders who purchased ABCB prior to the ex-dividend date are eligible for the cash dividend payment. ABCB's current earnings per share, an indicator of a company's profitability, is $6.09. Ameris Bancorp (ABCB) will begin trading ex-dividend on September 29, 2021. | Shareholders who purchased ABCB prior to the ex-dividend date are eligible for the cash dividend payment. For more information on the declaration, record and payment dates, visit the abcb Dividend History page. The following ETF(s) have ABCB as a top-10 holding: Invesco S&P SmallCap Quality ETF (XSHQ) Direxion Daily Regional Banks Bull 3X Shares (DPST). | ABCB's current earnings per share, an indicator of a company's profitability, is $6.09. The following ETF(s) have ABCB as a top-10 holding: Invesco S&P SmallCap Quality ETF (XSHQ) Direxion Daily Regional Banks Bull 3X Shares (DPST). Ameris Bancorp (ABCB) will begin trading ex-dividend on September 29, 2021. |
27772.0 | 2021-09-27 00:00:00 UTC | Burgan Bank hires Citi, StanChart for sale of dollar senior bonds | ABCB | https://www.nasdaq.com/articles/burgan-bank-hires-citi-stanchart-for-sale-of-dollar-senior-bonds-2021-09-27 | nan | nan | DUBAI, Sept 27 (Reuters) - Kuwait's Burgan Bank BURG.KW has hired Citi C.N and Standard Chartered STAN.L to lead a planned sale of senior U.S. dollar-denominated six-year bonds, a bank document showed on Monday.
Other banks on the deal are Bank ABC ABCB.BH, Emirates NBD Capital ENBD.DU, First Abu Dhabi Bank FAB.AD, HSBC HSBA.L, Industrial and Commercial Bank of China 601398.SS, JPMorgan JPM.N, Mizuho Securities 8411.T and NBK Capital NBKK.KW.
The unsecured bonds will be of benchmark size, which typically means at least $500 million, and will be non-callable for five years, the document from one of the banks showed.
Earlier this month, Burgan Bank received preliminary approval from Kuwait's central bank to issue up to $500 million in senior unsecured bonds and last week received approval from the Capital Markets Authority.
The bonds will be issued under Burgan's Euro Medium Term Note Programme. They are expected to have a fixed coupon rate for five years then a floating rate for the final year to maturity, should the bank not "call" the bonds.
Closing the bond sale will allow Burgan "to reinforce its long-term liquidity and regulatory liquidity ratios," it has said in an exchange filing.
Sales of senior bonds are relatively rare from the Gulf's banks, but Burgan's debt-raising plans follow the country's biggest lender, National Bank of Kuwait, securing $1 billion this month via six-year senior bonds non-callable for five years.
(Reporting by Yousef Saba, Editing by Louise Heavens)
((Yousef.Saba@thomsonreuters.com; +971562166204; https://twitter.com/YousefSaba))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Other banks on the deal are Bank ABC ABCB.BH, Emirates NBD Capital ENBD.DU, First Abu Dhabi Bank FAB.AD, HSBC HSBA.L, Industrial and Commercial Bank of China 601398.SS, JPMorgan JPM.N, Mizuho Securities 8411.T and NBK Capital NBKK.KW. The unsecured bonds will be of benchmark size, which typically means at least $500 million, and will be non-callable for five years, the document from one of the banks showed. Earlier this month, Burgan Bank received preliminary approval from Kuwait's central bank to issue up to $500 million in senior unsecured bonds and last week received approval from the Capital Markets Authority. | Other banks on the deal are Bank ABC ABCB.BH, Emirates NBD Capital ENBD.DU, First Abu Dhabi Bank FAB.AD, HSBC HSBA.L, Industrial and Commercial Bank of China 601398.SS, JPMorgan JPM.N, Mizuho Securities 8411.T and NBK Capital NBKK.KW. DUBAI, Sept 27 (Reuters) - Kuwait's Burgan Bank BURG.KW has hired Citi C.N and Standard Chartered STAN.L to lead a planned sale of senior U.S. dollar-denominated six-year bonds, a bank document showed on Monday. Earlier this month, Burgan Bank received preliminary approval from Kuwait's central bank to issue up to $500 million in senior unsecured bonds and last week received approval from the Capital Markets Authority. | Other banks on the deal are Bank ABC ABCB.BH, Emirates NBD Capital ENBD.DU, First Abu Dhabi Bank FAB.AD, HSBC HSBA.L, Industrial and Commercial Bank of China 601398.SS, JPMorgan JPM.N, Mizuho Securities 8411.T and NBK Capital NBKK.KW. Earlier this month, Burgan Bank received preliminary approval from Kuwait's central bank to issue up to $500 million in senior unsecured bonds and last week received approval from the Capital Markets Authority. Sales of senior bonds are relatively rare from the Gulf's banks, but Burgan's debt-raising plans follow the country's biggest lender, National Bank of Kuwait, securing $1 billion this month via six-year senior bonds non-callable for five years. | Other banks on the deal are Bank ABC ABCB.BH, Emirates NBD Capital ENBD.DU, First Abu Dhabi Bank FAB.AD, HSBC HSBA.L, Industrial and Commercial Bank of China 601398.SS, JPMorgan JPM.N, Mizuho Securities 8411.T and NBK Capital NBKK.KW. DUBAI, Sept 27 (Reuters) - Kuwait's Burgan Bank BURG.KW has hired Citi C.N and Standard Chartered STAN.L to lead a planned sale of senior U.S. dollar-denominated six-year bonds, a bank document showed on Monday. The unsecured bonds will be of benchmark size, which typically means at least $500 million, and will be non-callable for five years, the document from one of the banks showed. |
27773.0 | 2021-09-24 00:00:00 UTC | Be Sure To Check Out Ameris Bancorp (NASDAQ:ABCB) Before It Goes Ex-Dividend | ABCB | https://www.nasdaq.com/articles/be-sure-to-check-out-ameris-bancorp-nasdaq%3Aabcb-before-it-goes-ex-dividend-2021-09-24 | nan | nan | Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be intrigued to know that Ameris Bancorp (NASDAQ:ABCB) is about to go ex-dividend in just 4 days. Typically, the ex-dividend date is one business day before the record date which is the date on which a company determines the shareholders eligible to receive a dividend. It is important to be aware of the ex-dividend date because any trade on the stock needs to have been settled on or before the record date. Therefore, if you purchase Ameris Bancorp's shares on or after the 29th of September, you won't be eligible to receive the dividend, when it is paid on the 8th of October.
The company's next dividend payment will be US$0.15 per share, and in the last 12 months, the company paid a total of US$0.60 per share. Last year's total dividend payments show that Ameris Bancorp has a trailing yield of 1.2% on the current share price of $49.54. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. We need to see whether the dividend is covered by earnings and if it's growing.
If a company pays out more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. Ameris Bancorp is paying out just 9.8% of its profit after tax, which is comfortably low and leaves plenty of breathing room in the case of adverse events.
When a company paid out less in dividends than it earned in profit, this generally suggests its dividend is affordable. The lower the % of its profit that it pays out, the greater the margin of safety for the dividend if the business enters a downturn.
Click here to see the company's payout ratio, plus analyst estimates of its future dividends.
NasdaqGS:ABCB Historic Dividend September 24th 2021
Have Earnings And Dividends Been Growing?
Stocks in companies that generate sustainable earnings growth often make the best dividend prospects, as it is easier to lift the dividend when earnings are rising. Investors love dividends, so if earnings fall and the dividend is reduced, expect a stock to be sold off heavily at the same time. It's encouraging to see Ameris Bancorp has grown its earnings rapidly, up 37% a year for the past five years.
The main way most investors will assess a company's dividend prospects is by checking the historical rate of dividend growth. Ameris Bancorp has delivered 17% dividend growth per year on average over the past seven years. It's great to see earnings per share growing rapidly over several years, and dividends per share growing right along with it.
The Bottom Line
Has Ameris Bancorp got what it takes to maintain its dividend payments? Typically, companies that are growing rapidly and paying out a low fraction of earnings are keeping the profits for reinvestment in the business. Perhaps even more importantly - this can sometimes signal management is focused on the long term future of the business. Ameris Bancorp ticks a lot of boxes for us from a dividend perspective, and we think these characteristics should mark the company as deserving of further attention.
While it's tempting to invest in Ameris Bancorp for the dividends alone, you should always be mindful of the risks involved. Case in point: We've spotted 1 warning sign for Ameris Bancorp you should be aware of.
If you're in the market for dividend stocks, we recommend checking our list of top dividend stocks with a greater than 2% yield and an upcoming dividend.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be intrigued to know that Ameris Bancorp (NASDAQ:ABCB) is about to go ex-dividend in just 4 days. NasdaqGS:ABCB Historic Dividend September 24th 2021 Have Earnings And Dividends Been Growing? Last year's total dividend payments show that Ameris Bancorp has a trailing yield of 1.2% on the current share price of $49.54. | NasdaqGS:ABCB Historic Dividend September 24th 2021 Have Earnings And Dividends Been Growing? Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be intrigued to know that Ameris Bancorp (NASDAQ:ABCB) is about to go ex-dividend in just 4 days. Typically, the ex-dividend date is one business day before the record date which is the date on which a company determines the shareholders eligible to receive a dividend. | Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be intrigued to know that Ameris Bancorp (NASDAQ:ABCB) is about to go ex-dividend in just 4 days. NasdaqGS:ABCB Historic Dividend September 24th 2021 Have Earnings And Dividends Been Growing? When a company paid out less in dividends than it earned in profit, this generally suggests its dividend is affordable. | Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be intrigued to know that Ameris Bancorp (NASDAQ:ABCB) is about to go ex-dividend in just 4 days. NasdaqGS:ABCB Historic Dividend September 24th 2021 Have Earnings And Dividends Been Growing? Typically, companies that are growing rapidly and paying out a low fraction of earnings are keeping the profits for reinvestment in the business. |
27774.0 | 2021-09-09 00:00:00 UTC | The Math Shows EZM Can Go To $60 | ABCB | https://www.nasdaq.com/articles/the-math-shows-ezm-can-go-to-%2460-2021-09-09 | nan | nan | Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the WisdomTree U.S. MidCap Fund ETF (Symbol: EZM), we found that the implied analyst target price for the ETF based upon its underlying holdings is $59.95 per unit.
With EZM trading at a recent price near $53.12 per unit, that means that analysts see 12.86% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of EZM's underlying holdings with notable upside to their analyst target prices are Altra Industrial Motion Corp (Symbol: AIMC), Chemours Co (Symbol: CC), and Ameris Bancorp (Symbol: ABCB). Although AIMC has traded at a recent price of $56.69/share, the average analyst target is 25.24% higher at $71.00/share. Similarly, CC has 14.16% upside from the recent share price of $31.16 if the average analyst target price of $35.57/share is reached, and analysts on average are expecting ABCB to reach a target price of $52.93/share, which is 14.00% above the recent price of $46.43. Below is a twelve month price history chart comparing the stock performance of AIMC, CC, and ABCB:
Below is a summary table of the current analyst target prices discussed above:
NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
WisdomTree U.S. MidCap Fund ETF EZM $53.12 $59.95 12.86%
Altra Industrial Motion Corp AIMC $56.69 $71.00 25.24%
Chemours Co CC $31.16 $35.57 14.16%
Ameris Bancorp ABCB $46.43 $52.93 14.00%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | WisdomTree U.S. MidCap Fund ETF EZM $53.12 $59.95 12.86% Altra Industrial Motion Corp AIMC $56.69 $71.00 25.24% Chemours Co CC $31.16 $35.57 14.16% Ameris Bancorp ABCB $46.43 $52.93 14.00% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of EZM's underlying holdings with notable upside to their analyst target prices are Altra Industrial Motion Corp (Symbol: AIMC), Chemours Co (Symbol: CC), and Ameris Bancorp (Symbol: ABCB). Similarly, CC has 14.16% upside from the recent share price of $31.16 if the average analyst target price of $35.57/share is reached, and analysts on average are expecting ABCB to reach a target price of $52.93/share, which is 14.00% above the recent price of $46.43. | Three of EZM's underlying holdings with notable upside to their analyst target prices are Altra Industrial Motion Corp (Symbol: AIMC), Chemours Co (Symbol: CC), and Ameris Bancorp (Symbol: ABCB). Similarly, CC has 14.16% upside from the recent share price of $31.16 if the average analyst target price of $35.57/share is reached, and analysts on average are expecting ABCB to reach a target price of $52.93/share, which is 14.00% above the recent price of $46.43. WisdomTree U.S. MidCap Fund ETF EZM $53.12 $59.95 12.86% Altra Industrial Motion Corp AIMC $56.69 $71.00 25.24% Chemours Co CC $31.16 $35.57 14.16% Ameris Bancorp ABCB $46.43 $52.93 14.00% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? | Similarly, CC has 14.16% upside from the recent share price of $31.16 if the average analyst target price of $35.57/share is reached, and analysts on average are expecting ABCB to reach a target price of $52.93/share, which is 14.00% above the recent price of $46.43. Three of EZM's underlying holdings with notable upside to their analyst target prices are Altra Industrial Motion Corp (Symbol: AIMC), Chemours Co (Symbol: CC), and Ameris Bancorp (Symbol: ABCB). Below is a twelve month price history chart comparing the stock performance of AIMC, CC, and ABCB: Below is a summary table of the current analyst target prices discussed above: | WisdomTree U.S. MidCap Fund ETF EZM $53.12 $59.95 12.86% Altra Industrial Motion Corp AIMC $56.69 $71.00 25.24% Chemours Co CC $31.16 $35.57 14.16% Ameris Bancorp ABCB $46.43 $52.93 14.00% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of EZM's underlying holdings with notable upside to their analyst target prices are Altra Industrial Motion Corp (Symbol: AIMC), Chemours Co (Symbol: CC), and Ameris Bancorp (Symbol: ABCB). Similarly, CC has 14.16% upside from the recent share price of $31.16 if the average analyst target price of $35.57/share is reached, and analysts on average are expecting ABCB to reach a target price of $52.93/share, which is 14.00% above the recent price of $46.43. |
27775.0 | 2021-09-08 00:00:00 UTC | Validea Martin Zweig Strategy Daily Upgrade Report - 9/8/2021 | ABCB | https://www.nasdaq.com/articles/validea-martin-zweig-strategy-daily-upgrade-report-9-8-2021-2021-09-08 | nan | nan | The following are today's upgrades for Validea's Growth Investor model based on the published strategy of Martin Zweig. This strategy looks for growth stocks with persistent accelerating earnings and sales growth, reasonable valuations and low debt.
ABBOTT LABORATORIES (ABT) is a large-cap growth stock in the Medical Equipment & Supplies industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Abbott Laboratories (Abbott) is engaged in the discovery, development, manufacture, and sale of a diversified line of health care products. The Company operates through four segments: Established Pharmaceutical Products, Diagnostic Products, Nutritional Products, and Medical Devices. Its products include a line of rhythm management, electrophysiology, heart failure, vascular and structural heart devices for the treatment of cardiovascular diseases, and diabetes care products for people with diabetes, as well as neuromodulation devices for the management of chronic pain and movement disorders. The Company's products are sold directly to wholesalers, distributors, government agencies, health care facilities, pharmacies, and independent retailers from Abbott-owned distribution centers and public warehouses. It offers cardiovascular and metabolic products, including Lipanthyl, TriCor, Teveten, Teveten Plus, Physiotens, and Synthroid.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: FAIL
INSIDER TRANSACTIONS: PASS
Detailed Analysis of ABBOTT LABORATORIES
Full Guru Analysis for ABT
Full Factor Report for ABT
JPMORGAN CHASE & CO. (JPM) is a large-cap value stock in the Investment Services industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: JPMorgan Chase & Co. is a financial holding company. The Company is engaged in investment banking, financial services and asset management. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines, online, mobile and telephone banking. The Corporate & Investment Bank segment, comprising Banking and Markets and Investor Services, offers investment banking, market-making, prime brokerage, and treasury and securities products and services to corporations, investors, financial institutions, and government and municipal entities. The Commercial Banking segment provides financial solutions, including lending, treasury services, investment banking and asset management. The Asset Management segment comprises investment and wealth management.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of JPMORGAN CHASE & CO.
Full Guru Analysis for JPM
Full Factor Report for JPM
KULICKE AND SOFFA INDUSTRIES INC. (KLIC) is a mid-cap growth stock in the Semiconductors industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Kulicke and Soffa Industries, Inc. designs, manufactures and sells capital equipment and expendable tools used to assemble semiconductor devices, including integrated circuits (ICs), high and low powered discrete devices, light-emitting diodes (LEDs) and power modules. The Company also services, maintains, repairs and upgrades equipment, all used to assemble semiconductor devices. The Company supplies a range of bonding equipment. It operates through two segments: Capital Equipment and Aftermarket Products and Services (APS). The Capital Equipment segment manufactures and sells a line of ball bonders, wedge bonders, advanced packaging and surface mount technology solutions. The APS segment manufactures and sells expendable tools for a range of semiconductor packaging applications. Its customers primarily consist of semiconductor device manufacturers, outsourced semiconductor assembly and test providers (OSATs), other electronics manufacturers and automotive electronics suppliers.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: FAIL
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of KULICKE AND SOFFA INDUSTRIES INC.
Full Guru Analysis for KLIC
Full Factor Report for KLIC
QCR HOLDINGS, INC. (QCRH) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on Martin Zweig changed from 85% to 92% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: QCR Holdings, Inc. is a multi-bank holding company. The Company serves the Quad Cities, Cedar Rapids, Waterloo/Cedar Falls, Des Moines/Ankeny and Rockford communities through its banking subsidiaries, Quad City Bank and Trust Company (QCBT), Cedar Rapids Bank and Trust Company (CRBT), Community State Bank (CSB), and Guaranty Bank and Trust Company, which provide full-service commercial and consumer banking and trust and asset management services. It is also engaged in direct financing lease contracts through m2 Lease Funds, LLC (m2), a subsidiary of QCBT. Its principal business consists of attracting deposits and investing those deposits in loans/leases and securities. The Company and its subsidiaries provide a range of commercial and retail lending/leasing, and investment services to corporations, partnerships, individuals and government agencies. It offers a range of loans, including one-to four-family residential loans and multi-family loans.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of QCR HOLDINGS, INC.
Full Guru Analysis for QCRH
Full Factor Report for QCRH
RBB BANCORP (RBB) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: RBB Bancorp (the Bank) is a bank holding company with the principal business to serve as the holding company for its wholly-owned banking subsidiaries, including Royal Business Bank (Bank) and RBB Asset Management Company (RAM). The Company operates Royal Business Bank, which is a California state-chartered commercial bank. The Bank is focused on providing commercial banking services. The Bank's offerings include traditional commercial real estate loans, secured commercial and industrial loans, and trade finance services for companies doing business in China, Taiwan and other Asian countries. The non-qualified single-family residential mortgage loans, small business administration loans. As of March 31, 2017, the Company had total consolidated assets of $1.5 billion, total consolidated deposits of $1.2 billion and total consolidated shareholders equity of $183.5 million.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: FAIL
INSIDER TRANSACTIONS: PASS
Detailed Analysis of RBB BANCORP
Full Guru Analysis for RBB
Full Factor Report for RBB
FREEDOM HOLDING CORP (FRHC) is a mid-cap growth stock in the Investment Services industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Freedom Holding Corp, through its subsidiaries, provides financial services including retail securities brokerage, research, investment counseling, securities trading, market making, corporate investment banking and underwriting services in Eastern Europe and Central Asia. The Company has retail locations in Russia, Kazakhstan, Ukraine, Uzbekistan, Kyrgyzstan and Germany. Its subsidiaries include LLC Investment Company Freedom Finance (Freedom RU), a securities broker-dealer; LLC FFIN Bank (FFIN Bank); JSC Freedom Finance (Freedom KZ), a securities broker-dealer; Freedom Finance Cyprus Limited (Freedom CY), a broker-dealer; Freedom Finance Germany TT GmbH (Freedom GE), a tied agent of Freedom CY; LLC Freedom Finance Uzbekistan (Freedom UZ), a broker-dealer and FFIN Securities, Inc. (FFIN). The Company's retail brokerage services include full-service brokerage, margin lending, investor education andinvestment research
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: FAIL
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of FREEDOM HOLDING CORP
Full Guru Analysis for FRHC
Full Factor Report for FRHC
ALLY FINANCIAL INC (ALLY) is a large-cap value stock in the Consumer Financial Services industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Ally Financial Inc. is a digital financial services company. The Company is a bank and financial holding company. Its segments include Automotive Finance operations, Insurance operations, Mortgage Finance operations, Corporate Finance operations, and Corporate and Other. The Automotive Finance operations segment provides the United States-based automotive financing services to consumers and automotive dealers, and automotive and equipment financing services to companies and municipalities. The Insurance operations segment offers both consumer finance protection and insurance products sold through the automotive dealer channel, and commercial insurance products sold directly to dealers. The Mortgage Finance operations segment consists of the management of a held-for-investment consumer mortgage finance loan portfolio. The Corporate Finance operations segment provides senior secured leveraged cash flow and asset-based loans to mostly the United States-based middle market companies.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of ALLY FINANCIAL INC
Full Guru Analysis for ALLY
Full Factor Report for ALLY
INVESTORS BANCORP INC (ISBC) is a mid-cap value stock in the Regional Banks industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Investors Bancorp, Inc. is the holding company for Investors Bank (the Bank). The Bank is a New Jersey-chartered savings bank. The Bank is in the business of attracting deposits from the public through its branch network and borrowing funds in the wholesale markets to originate loans and to invest in securities. The Bank originates multi-family loans, commercial real estate loans, commercial and industrial (C&I) loans, one- to four-family residential mortgage loans secured by one- to four-family residential real estate, construction loans and consumer loans, the majority of which are home equity loans, home equity lines of credit and cash surrender value lending on life insurance contracts. Its securities primarily include mortgage-backed securities, the United States Government and Federal Agency obligations, and other securities. Deposits are the primary source of funds used for its lending and investment activities. In addition, it uses a significant amount of borrowings.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of INVESTORS BANCORP INC
Full Guru Analysis for ISBC
Full Factor Report for ISBC
BANK FIRST CORP (BFC) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on Martin Zweig changed from 89% to 97% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Bank First Corp, formerly Bank First National Corp, is the holding company for Bank First (the Bank). The Company provides a range of financial services to individual and business customers. The Bank is an independent community bank. It offers personal and business banking services. Its personal banking services include savings, checking, loans and electronic banking. Its personal savings accounts include certificates of deposit (CD), individual retirement account (IRA) savings account and health savings accounts. Its business banking services include savings, checking, credit cards and treasury management. It offers deposit accounts, CD account registry service (CDARS) and health savings accounts. The Bank offers real estate loans, home equity loans, installment and consumer loans, working capital lines of credit, equipment loans, loans for business expansion, real estate loans, construction/development loans, small business administration loans and farm/crop/livestock loans.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: FAIL
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of BANK FIRST CORP
Full Guru Analysis for BFC
Full Factor Report for BFC
LKQ CORPORATION (LKQ) is a large-cap growth stock in the Auto & Truck Parts industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: LKQ Corporation (LKQ) is a holding company, which distributes vehicle products, including replacement parts, components and systems used in the repair and maintenance of vehicles, as well as specialty vehicle products and accessories, and automotive glass products. The Company's segments include Wholesale- North America, Europe and Specialty. It offers its customers a range of replacement systems, components, equipment and parts to repair and accessorize automobiles, trucks, and recreational and performance vehicles. It distributes a range of products to collision and mechanical repair shops, including aftermarket collision and mechanical products, recycled collision and mechanical products, refurbished collision products, such as wheels, bumper covers and lights, and re-manufactured engines. It also has operations in North America, Europe and Taiwan.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of LKQ CORPORATION
Full Guru Analysis for LKQ
Full Factor Report for LKQ
NEXSTAR MEDIA GROUP INC (NXST) is a mid-cap value stock in the Broadcasting & Cable TV industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Nexstar Media Group, Inc., formerly Nexstar Broadcasting Group, Inc., is a television broadcasting and digital media company. The Company is focused on the acquisition, development and operation of television stations and interactive community Websites, and digital media services in medium-sized markets in the United States. The Company's segments include Broadcasting and Other. The Company's broadcast segment includes television stations and related community-focused Websites that it owns, operates, programs or provides sales and other services to in various markets across the United States. The other activities of the Company include corporate functions, eliminations and other operations. As of December 31, 2016, it owned, operated, programmed or provided sales and other services to 104 full power television stations in 62 markets in the states of Alabama, Arizona, Arkansas, California, Colorado, Florida, New York, Utah, Vermont, Virginia, West Virginia and Wisconsin, among others.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: FAIL
INSIDER TRANSACTIONS: PASS
Detailed Analysis of NEXSTAR MEDIA GROUP INC
Full Guru Analysis for NXST
Full Factor Report for NXST
SYNNEX CORPORATION (SNX) is a large-cap value stock in the Computer Hardware industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Synnex Corporation provides a range of distribution, logistics and integration services for the technology industry. The Company operates through Technology Solutions segment. The Company's Technology Solutions segment distributes peripherals, information technology (IT) systems, including data center server and storage solutions, system components, software, networking/communications/security equipment, and consumer electronics (CE) and complementary products. Within its Technology Solutions segment, the Company also provides systems design and integration solutions.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: FAIL
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of SYNNEX CORPORATION
Full Guru Analysis for SNX
Full Factor Report for SNX
WESTERN ALLIANCE BANCORPORATION (WAL) is a large-cap value stock in the Regional Banks industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Western Alliance Bancorporation is a bank holding company. The Company provides a range of deposit, lending, treasury management, international banking and online banking products and services through its banking subsidiary, Western Alliance Bank (WAB). The Company's regional segments include Arizona, Nevada, Southern California and Northern California, which provide banking and related services to their respective markets. The operations from the regional segments correspond to the banking divisions, which include Alliance Bank of Arizona (ABA) in Arizona, Bank of Nevada (BON) and First Independent Bank (FIB) in Nevada, Torrey Pines Bank (TPB) in Southern California, and Bridge Bank in Northern California. The Company's specialized financial services include Alliance Association Bank, Corporate Finance, Mortgage Warehouse Lending, Equity Fund Resources, Hotel Franchise Finance (HFF), Public & Nonprofit Finance, Renewable Resource Group, Resort Finance, and Technology Finance.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: FAIL
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of WESTERN ALLIANCE BANCORPORATION
Full Guru Analysis for WAL
Full Factor Report for WAL
ARES CAPITAL CORPORATION (ARCC) is a mid-cap value stock in the Misc. Financial Services industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Ares Capital Corporation is a specialty finance company. The Company operates as a closed-end, non-diversified management investment company. The Company's investment objective is to generate both current income and capital appreciation through debt and equity investments. It invests primarily in the United States middle-market companies. It may from time to time invest in larger or smaller (in particular, for investments in early-stage and/or venture capital-backed) companies. It invests primarily in first lien senior secured loans (including unitranche loans, which are loans that combine both senior and mezzanine debt, generally in a first lien position), second lien senior secured loans, and mezzanine debt, which in some cases includes an equity component. It invests in various industries, such as automotive services, business services, consumer products, and containers and packaging. Ares Capital Management LLC serves as its investment advisor.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: FAIL
INSIDER TRANSACTIONS: PASS
Detailed Analysis of ARES CAPITAL CORPORATION
Full Guru Analysis for ARCC
Full Factor Report for ARCC
AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Ameris Bancorp is a financial holding company. The Company's business is conducted through its banking subsidiary, Ameris Bank (the Bank), which provides a range of banking services to its retail and commercial customers. The Company operates through four segments: the Banking Division, the Retail Mortgage Division, the Warehouse Lending Division and the SBA Division. The Banking Division is engaged in the delivery of financial services, which include commercial loans, consumer loans and deposit accounts. The Retail Mortgage Division is engaged in the origination, sales and servicing of one- to four-family residential mortgage loans. The Warehouse Lending Division is engaged in the origination and servicing of warehouse lines to other businesses that are secured by underlying one- to four-family residential mortgage loans. The SBA Division is engaged in the origination, sales and servicing of small business administration (SBA) loans.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: FAIL
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of AMERIS BANCORP
Full Guru Analysis for ABCB
Full Factor Report for ABCB
BCB BANCORP, INC. (BCBP) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on Martin Zweig changed from 82% to 89% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: BCB Bancorp, Inc. is the holding company parent of BCB Community Bank (the Bank). The Bank is a community-oriented financial institution. The Bank's business is to offer Federal Deposit Insurance Corporation (FDIC)-insured deposit products and to invest funds held in deposit accounts at the Bank, together with funds generated from operations, in loans and investment securities. The Bank offers loans, including commercial and multi-family real estate loans, one-to four-family mortgage loans, home equity loans, construction loans, consumer loans and commercial business loans; FDIC-insured deposit products, such as savings and club accounts, interest and non-interest bearing demand accounts, money market accounts, certificates of deposit and individual retirement accounts, and retail and commercial banking services, including wire transfers, money orders, safe deposit boxes, a night depository, debit cards, online banking, mobile banking, gift cards and fraud detection (positive pay).
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of BCB BANCORP, INC.
Full Guru Analysis for BCBP
Full Factor Report for BCBP
DORMAN PRODUCTS INC. (DORM) is a mid-cap growth stock in the Auto & Truck Parts industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Dorman Products, Inc. is a supplier of replacement parts and fasteners for passenger cars, light trucks and heavy duty trucks in the automotive aftermarket. As of December 31, 2016, the Company distributed and marketed approximately 155,000 different stock keeping units (SKU's) of automotive replacement parts and fasteners. As of December 31, 2016, approximately 83% of its products were sold under brands that it owned and the remainder of its products were sold for resale under customers' private labels, other brands or in bulk. Its products are sold in the United States through automotive aftermarket retailers, national, regional and local warehouse distributors, and specialty markets, and salvage yards. It also distributes automotive replacement parts outside the United States, with sales primarily into Canada, Mexico, Europe, the Middle East, and Australia. Its parts are marketed under the OE Solutions, TECHoice, AutoGrade, Conduct-Tite, FirstStop and HD Solutions brand names.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: FAIL
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of DORMAN PRODUCTS INC.
Full Guru Analysis for DORM
Full Factor Report for DORM
ROCKY BRANDS INC (RCKY) is a small-cap value stock in the Footwear industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Rocky Brands, Inc. is a designer, manufacturer and marketer of footwear and apparel marketed under a portfolio of brand names, including Rocky, Georgia Boot, Durango, Lehigh and the licensed brand Michelin. The Company operates its business through three segments: wholesale, retail and military. In its wholesale segment, the Company distributes its products through a range of distribution channels representing over 10,000 retail store locations in the United States and Canada, as well as in other international markets. Its wholesale channels vary by product line and include sporting goods stores, outdoor retailers, independent shoe retailers, hardware stores, catalogs, mass merchants and uniform stores. In its retail segment, the Company sells its products directly to consumers through its consumer and business direct Websites and its Rocky outlet store. In its military segment, the Company sells footwear under the Rocky label to the United States military.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: FAIL
INSIDER TRANSACTIONS: PASS
Detailed Analysis of ROCKY BRANDS INC
Full Guru Analysis for RCKY
Full Factor Report for RCKY
SAIA INC (SAIA) is a mid-cap growth stock in the Trucking industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Saia, Inc., is a transportation company. The Company provides regional and interregional less-than-truckload (LTL) services. The Company also offers a range of other value-added services, including non-asset truckload, expedited and logistics services across North America. The Company's subsidiary Saia Motor Freight Line, LLC (Saia LTL Freight) is a LTL carrier. Saia LTL Freight serves approximately 34 states in the South, Southwest, Midwest, Pacific Northwest and West and portions of the Northeast. Saia LTL Freight specializes in offering its customers a range of regional and interregional LTL services, including time-definite and expedited options. Saia LTL Freight primarily provides its customers with solutions for shipments approximately between 100 and 10,000 pounds, but also provides truckload services. It operated a network consisting of approximately 166 owned and leased locations.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of SAIA INC
Full Guru Analysis for SAIA
Full Factor Report for SAIA
BLACKROCK MUNIHOLDINGS QUALITYFND II INC (MUE) is a small-cap growth stock in the Misc. Financial Services industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: BlackRock MuniHoldings Quality Fund II, Inc. (the Fund) is a non-diversified, closed-end management investment company. The Fund's investment objective is to provide shareholders with current income exempt from federal income taxes. The Fund seeks to achieve its investment objective by investing primarily in long-term, investment grade municipal obligations exempt from federal income taxes (except that the interest may be subject to the federal alternative minimum tax). Under normal market conditions, the Fund invests at least 80% of its assets in municipal obligations with remaining maturities of one year or more at the time of investment. The Fund may invest directly in such securities or synthetically through the use of derivatives. The Fund's portfolio includes its investments in various sectors, including transportation, utilities, health, education, housing and tobacco. The Fund's investment advisor is BlackRock Advisors, LLC.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: FAIL
INSIDER TRANSACTIONS: PASS
Detailed Analysis of BLACKROCK MUNIHOLDINGS QUALITYFND II INC
Full Guru Analysis for MUE
Full Factor Report for MUE
MAIN STREET CAPITAL CORPORATION (MAIN) is a mid-cap value stock in the Misc. Financial Services industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Main Street Capital Corporation (MSCC) is a principal investment firm. MSCC's principal investment objective is to maximize its portfolio's total return by generating current income from the Company's debt investments and capital appreciation from its equity and equity related investments, including warrants, convertible securities and other rights to acquire equity securities in a portfolio company. It is primarily focused on providing customized debt and equity financing to lower middle market (LMM) companies and debt capital to middle market (Middle Market) companies. It invests primarily in secured debt investments, equity investments, warrants and other securities of LMM companies and in secured debt investments of Middle Market companies. Its investment portfolio includes its investments in LMM portfolio companies, investments in Middle Market portfolio companies and Other Portfolio investments, among others. MSC Adviser I, LLC is the External Investment Manager.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: FAIL
INSIDER TRANSACTIONS: PASS
Detailed Analysis of MAIN STREET CAPITAL CORPORATION
Full Guru Analysis for MAIN
Full Factor Report for MAIN
TEXTAINER GROUP HOLDINGS LIMITED (TGH) is a small-cap value stock in the Rental & Leasing industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Textainer Group Holdings Limited is a holding company. The Company is involved in the purchase, ownership, management, leasing and disposal of a fleet of intermodal containers. The Company operates in three segments: Container Ownership, which owns containers; Container Management, which manages containers on behalf of affiliated and unaffiliated container investors, and provides acquisition, management and disposal services, and total managed containers, and Container Resale, which sells containers from its fleet when they reach the end of their useful lives in marine service, and also purchases and leases or resells containers from shipping line customers, container traders and other sellers of containers. The Company is a lessor of intermodal containers based on fleet size. The Company is also a seller of used containers. The Company's subsidiaries include Textainer Equipment Management Limited (TEML) and Textainer Limited (TL).
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of TEXTAINER GROUP HOLDINGS LIMITED
Full Guru Analysis for TGH
Full Factor Report for TGH
AMES NATIONAL CORPORATION (ATLO) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on Martin Zweig changed from 82% to 89% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Ames National Corporation is a bank holding company. The Company operates through banking segment. The Company owns banking subsidiaries, including First National Bank, Ames; Boone Bank & Trust Co., Boone; Iowa State Savings Bank, Creston; State Bank & Trust Co., Nevada; Reliance State Bank, Story City; and United Bank & Trust, Marshalltown. All of its operations are conducted in the State of Iowa and primarily within the central and north central Iowa counties of Boone, Hancock, Marshall, Polk and Story where the Company's banking subsidiaries are located. The Banks offer a range of deposit services, including checking accounts, savings accounts and time deposits of various types, ranging from money market accounts to longer-term certificates of deposit. The Banks also offer retirement accounts, such as individual retirement accounts (IRAs). It provides financial products, such as Internet banking and trust services for customers and communities.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: FAIL
INSIDER TRANSACTIONS: PASS
Detailed Analysis of AMES NATIONAL CORPORATION
Full Guru Analysis for ATLO
Full Factor Report for ATLO
PINNACLE FINANCIAL PARTNERS INC (PNFP) is a mid-cap growth stock in the Regional Banks industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Pinnacle Financial Partners, Inc. is a bank holding company. The Company operates through its subsidiary, Pinnacle Bank. The Company operates as a community bank primarily in the urban markets of Nashville, Knoxville, Memphis and Chattanooga, Tennessee and other counties. It provides the personalized service associated with small community banks, while seeking to offer the products and services, such as investments and treasury management. Pinnacle Bank offers an array of convenience-centered products and services, including round the clock telephone and Internet banking, mobile banking, debit and credit cards, direct deposit, remote deposit and cash management services for small- to medium-sized businesses. In addition, Pinnacle Bank is associated with a network of automated teller machines of other financial institutions that its clients are able to use throughout Tennessee and other regions.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: FAIL
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of PINNACLE FINANCIAL PARTNERS INC
Full Guru Analysis for PNFP
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FARMERS NATIONAL BANC CORP (FMNB) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Farmers National Banc Corp. is a one-bank holding company. The Company's principal business consists of owning and supervising its subsidiaries. The Company operates through tree segments: the Bank, Trust and Retirement Consulting. The Company operates principally through its subsidiaries, The Farmers National Bank of Canfield (the Bank or Farmers Bank), Farmers Trust Company (Trust or Farmers Trust), National Associates, Inc. (NAI) and Farmers National Captive, Inc. (Captive). The Bank's subsidiaries include Farmers National Insurance, LLC (Farmers Insurance) and Farmers of Canfield Investment Co. (Farmers Investments). The banking operation offers loans, investments and deposits; the trust operations provide trust services, and the retirement consulting operations offer consulting services. The Company and its subsidiaries operate in the domestic banking, trust, retirement consulting, insurance and financial management industries.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: FAIL
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of FARMERS NATIONAL BANC CORP
Full Guru Analysis for FMNB
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MEDIFAST INC (MED) is a mid-cap growth stock in the Biotechnology & Drugs industry. The rating according to our strategy based on Martin Zweig changed from 85% to 92% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Medifast, Inc. produces, distributes and sells weight loss, weight management, and healthy living products, and other consumable health and nutritional products. The Company's product lines include weight loss, weight management, and healthy living meal replacements, snacks, hydration products, and vitamins. Its business units include Optavia, Medifast Direct, Franchise Medifast Weight Control Centers (MWCC) and Medifast Wholesale. Optavia is a personal coaching division of the Company that consists of Optavia Coaches, who provides coaching and support to clients utilizing the Optavia platform. Medifast Direct is its direct-to-consumer business unit that allows customers to order Medifast products directly through its Website or its in-house call center. The MWCC business unit sells product through franchise and reseller locations, which offers structured programs and a team of professionals to help customers achieve weight-loss and weight-management success at center locations.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: FAIL
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of MEDIFAST INC
Full Guru Analysis for MED
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BROWN & BROWN, INC. (BRO) is a large-cap growth stock in the Insurance (Miscellaneous) industry. The rating according to our strategy based on Martin Zweig changed from 85% to 92% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Brown & Brown, Inc. is a diversified insurance agency, wholesale brokerage, insurance programs and service company. The Company markets and sells insurance products and services, in the property, casualty and employee benefits areas. The Company provides its customers with non-investment insurance contracts, as well as other customized risk management products and services. It operates through four segments: the Retail Segment, which provides a range of insurance products and services to commercial, public and quasi-public entities, and to professional and individual customers; the National Programs Segment, which acts as a managing general agent, provides professional liability and related package products; the Wholesale Brokerage Segment, which markets and sells excess and surplus commercial and personal lines insurance, and the Services Segment, which provides insurance-related services, including third-party claims administration and medical utilization management services.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of BROWN & BROWN, INC.
Full Guru Analysis for BRO
Full Factor Report for BRO
TRUSTMARK CORP (TRMK) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Trustmark Corporation is a bank holding company. The Company's principal subsidiary is Trustmark National Bank (TNB). Through TNB and its subsidiaries, the Company operates as a financial services company providing banking and other financial solutions. It operates through three segments: General Banking, Wealth Management and Insurance. The General Banking Segment is responsible for all traditional banking products and services, including loans and deposits. The Wealth Management Segment provides customized solutions for customers by integrating financial services with traditional banking products and services, such as money management, full-service brokerage, financial planning, personal and institutional trust and retirement services. Through Fisher Brown Bottrell Insurance, Inc. (FBBI), a subsidiary of TNB, the Insurance Segment provides a range of retail insurance products, including commercial risk management products, bonding, group benefits and personal lines coverage.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: FAIL
INSIDER TRANSACTIONS: PASS
Detailed Analysis of TRUSTMARK CORP
Full Guru Analysis for TRMK
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UMB FINANCIAL CORP (UMBF) is a mid-cap value stock in the Regional Banks industry. The rating according to our strategy based on Martin Zweig changed from 85% to 92% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: UMB Financial Corporation is a diversified financial holding company. The Company supplies banking services, institutional investment management, asset servicing and payment solutions to its customers in the United States and around the globe. The Company's segments include Bank, which provides a range of banking services to commercial, retail, government and correspondent bank customers through the Company's branches, call center, Internet banking and automated teller machine network; Institutional Investment Management, which provides equity and fixed income investment strategies in the intermediary and institutional markets, and Asset Servicing, which provides services to the asset management industry, supporting a range of investment products, including mutual funds, alternative investments and managed accounts. The Company's subsidiary includes UMB Fund Services, Inc. (UMBFS).
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of UMB FINANCIAL CORP
Full Guru Analysis for UMBF
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CAMDEN NATIONAL CORPORATION (CAC) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on Martin Zweig changed from 89% to 97% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Camden National Corporation is a bank holding company. The Company is a diversified financial services provider. The primary business of the Company and its subsidiary, Camden National Bank (the Bank), is to attract deposits from, and to extend loans to, consumer, institutional, municipal, non-profit and commercial customers. The Company, through the Bank, offers commercial and consumer banking products and services, and through Camden Financial Consultants and Camden National Wealth Management, divisions of the Bank, brokerage and insurance services, as well as investment management and fiduciary services. The Bank is a national banking association. The Company had 61 banking centers, 84 automated teller machines and three lending offices as of December 31, 2016. The Company operates and manages the Bank's business within Maine's various regions, including Mid Coast, Southern, Central, Bangor and Downeast. Healthcare Professional Funding Corporation is a subsidiary of the Bank.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of CAMDEN NATIONAL CORPORATION
Full Guru Analysis for CAC
Full Factor Report for CAC
QUANTA SERVICES INC (PWR) is a large-cap growth stock in the Construction Services industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Quanta Services, Inc. is a provider of specialty contracting services, offering infrastructure solutions primarily to the electric power and oil and gas industries in the United States, Canada and Australia and selected other international markets. The Company operates through two segments: Electric Power Infrastructure Services, which provides network solutions to customers in the electric power industry, and Oil and Gas Infrastructure Services, which provides network solutions to customers involved in the development and transportation of natural gas, oil and other pipeline products. The services it provides include the design, installation, upgrade, repair and maintenance of infrastructure within each of the industries it serves, such as electric power transmission and distribution networks, substation facilities, renewable energy facilities, pipeline transmission and distribution systems and facilities, and infrastructure services for the offshore and inland water energy markets.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of QUANTA SERVICES INC
Full Guru Analysis for PWR
Full Factor Report for PWR
GUARANTY BANCSHARES, INC. (GNTY) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Guaranty Bancshares, Inc. is the holding company for Guaranty Bank & Trust (Guaranty). Guaranty offers various solutions, such as personal banking, business banking, mortgage and wealth management. Its personal banking solutions include checking accounts, which include compare accounts, green checking, student checking, choice checking, guaranty interest checking, order checks and debit cards; savings accounts, which include regular savings, premier money market, certificate of deposit, individual retirement account (IRA) options and health savings account, and online banking, which includes money desktop and e-statements. Guaranty offers various loans, including line of credit, small business administration loans and real estate loans. Guaranty also offers mobile banking solutions, mortgage warehouse lending solutions and treasury management solutions. It has approximately 30 bank locations in over 20 Texas communities.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: FAIL
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of GUARANTY BANCSHARES, INC.
Full Guru Analysis for GNTY
Full Factor Report for GNTY
HORIZON BANCORP INC (HBNC) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on Martin Zweig changed from 85% to 92% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Horizon Bancorp Inc, formerly Horizon Bancorp, is a bank holding company. The Company provides a range of banking services in Northern and Central Indiana and Southwestern and Central Michigan through its bank subsidiary, Horizon Bank, N.A. (the Bank) and other affiliated entities and Horizon Risk Management, Inc. The Company operates through commercial banking segment. The Bank is a full-service commercial bank offering commercial and retail banking services, corporate and individual trust and agency services and other services incident to banking. Horizon Risk Management, Inc. is a captive insurance company. LSB Risk Management, Inc. is a captive insurance company. As of September 1, 2017, the Bank operated through 60 offices throughout northern and central Indiana and southern Michigan and Ohio. The Bank's loan portfolio consists of commercial loans, real estate loans, mortgage warehouse loans and consumer loans.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: FAIL
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of HORIZON BANCORP INC
Full Guru Analysis for HBNC
Full Factor Report for HBNC
WILLIAMS-SONOMA, INC. (WSM) is a large-cap value stock in the Retail (Specialty) industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Williams-Sonoma, Inc. is a specialty retailer of sustainable products for the home. The Company operates in the United States, Puerto Rico, Canada, Australia, and the United Kingdom. The Company offers international shipping worldwide and has franchisees stores in the Middle East, the Philippines, Mexico, South Korea, and India as well as e-commerce Websites. The Company's merchandise includes Williams Sonoma, Pottery Barn, Pottery Barn Kids, Pottery Barn Teen, West Elm, Williams Sonoma Home, Rejuvenation, and Mark and Graham, which sell its products through the Company's e-commerce Websites, direct-mail catalogs, and retail stores.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: FAIL
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of WILLIAMS-SONOMA, INC.
Full Guru Analysis for WSM
Full Factor Report for WSM
SIMPSON MANUFACTURING CO, INC. (SSD) is a mid-cap growth stock in the Misc. Fabricated Products industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Simpson Manufacturing Co., Inc., through its subsidiary, Simpson Strong-Tie Company Inc. (SST), designs, engineers and manufactures wood construction products, including connectors, truss plates, fastening systems, fasteners and pre-fabricated lateral systems used in light-frame construction. The Company's segments are North America, Europe, Asia/Pacific, and Administrative & All Other. The North America segment includes operations primarily in the United States and Canada. The Europe segment includes operations primarily in France, the United Kingdom, Germany, Denmark, Switzerland, Portugal, Poland, the Netherlands and Belgium. The Asia/Pacific segment includes operations primarily in Australia, New Zealand, South Africa, China, Taiwan and Vietnam. The Company manufactures concrete construction products used for concrete, masonry, steel construction and for concrete repair, protection and strengthening, including adhesives, chemicals and mechanical anchors.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: FAIL
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of SIMPSON MANUFACTURING CO, INC.
Full Guru Analysis for SSD
Full Factor Report for SSD
TORONTO-DOMINION BANK (TD) is a large-cap value stock in the Regional Banks industry. The rating according to our strategy based on Martin Zweig changed from 54% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: The Toronto-Dominion Bank (the Bank) operates as a bank in North America. The Company's segments include Canadian Retail, U.S. Retail, Wholesale Banking and corporate. Canadian Retail segment serves customers in the Canadian personal and commercial banking, wealth, and insurance businesses. Personal Banking provides financial products and advice through its network of automated teller machines (ATM), telephone, digital and mobile banking. U.S. Retail comprises the Bank's personal and business banking operations under the brand TD Bank and wealth management in the United States. Wholesale Banking offers a range of capital markets and corporate and investment banking services, including underwriting and distribution of new debt and equity issues, providing advice on strategic acquisitions and divestitures, and meeting the daily trading, funding, and investment needs of its clients.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: FAIL
INSIDER TRANSACTIONS: PASS
Detailed Analysis of TORONTO-DOMINION BANK
Full Guru Analysis for TD
Full Factor Report for TD
ENCORE WIRE CORPORATION (WIRE) is a small-cap value stock in the Misc. Fabricated Products industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Encore Wire Corporation is a manufacturer of electrical building wire and cable. The Company is a supplier of building wire for interior electrical wiring in commercial and industrial buildings, homes, apartments, and manufactured housing. The Company manufactures electric building wire, principally NM-B cable, for use primarily as interior wiring in homes, apartments and manufactured housing, and THHN/THWN-2 cable and metal-clad and armored cable for use primarily as wiring in commercial and industrial buildings. It offers an electrical building wire product line that consists primarily of UF-B cable and other types of wire products, including metal-clad and armored cable. All of these products are manufactured with copper or aluminum as the conductor. NM-B cable consists of either two or three insulated copper wire conductors, with an uninsulated ground wire, all sheathed in a polyvinyl chloride (PVC) jacket.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of ENCORE WIRE CORPORATION
Full Guru Analysis for WIRE
Full Factor Report for WIRE
FIRST FINANCIAL CORP (THFF) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on Martin Zweig changed from 82% to 89% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: First Financial Corporation is a financial holding company. The Company, through its subsidiaries, offers financial services, including commercial, mortgage and consumer lending, lease financing, trust account services, depositor services and insurance services. The Company's subsidiaries include First Financial Bank, N.A. (the Bank), The Morris Plan Company of Terre Haute (Morris Plan), First Chanticleer Corporation and FFB Risk Management Co., Inc. The Bank has two investment subsidiaries, Portfolio Management Specialists A (Specialists A) and Portfolio Management Specialists B (Specialists B), which holds and manages certain assets to manage various income streams and provides opportunities for capital creation as needed. The Bank's loan portfolio includes commercial loans, residential loans and consumer loans. Its deposits include non-interest-bearing demand deposits, interest-bearing demand deposits, savings deposits, time deposits: $100,000 or more, and other time deposits.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: FAIL
INSIDER TRANSACTIONS: PASS
Detailed Analysis of FIRST FINANCIAL CORP
Full Guru Analysis for THFF
Full Factor Report for THFF
GERMAN AMERICAN BANCORP., INC. (GABC) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on Martin Zweig changed from 85% to 92% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: German American Bancorp, Inc. is a bank holding company. The Company, through its banking subsidiary German American Bank, operates approximately 74 banking offices in 20 contiguous southern Indiana counties and six counties in Kentucky. Its segments are core banking, trust and investment advisory services, insurance, and other. The core banking segment involves attracting deposits from the general public and using such funds to originate consumer, commercial and agricultural, commercial and agricultural real estate, and residential mortgage loans, primarily in its local markets. The core banking segment also involves the sale of residential mortgage loans in the secondary market. The trust and investment advisory services segment involves providing trust, investment advisory, and brokerage services to customers. The insurance segment offers a range of personal and corporate property and casualty insurance products, in its banking subsidiary's local markets.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: FAIL
INSIDER TRANSACTIONS: PASS
Detailed Analysis of GERMAN AMERICAN BANCORP., INC.
Full Guru Analysis for GABC
Full Factor Report for GABC
HAVERTY FURNITURE COMPANIES, INC. (HVT) is a small-cap value stock in the Furniture & Fixtures industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Haverty Furniture Companies, Inc. is a retailer of residential furniture and accessories. The Company sells home furnishings in its retail stores and through its Website, havertys.com. As of December 31, 2016, the Company had 124 stores in 16 states in the Southern and Midwest regions. As of December 31, 2016, the Company's retail store space totaled approximately 4.5 million square feet for 124 stores. It also offers financing through a third-party finance company, as well as an internal revolving charge credit plan. The Company's retail locations are operated using the Havertys name. It offers mattress product lines, such as Sealy, Tempur-Pedic, Serta, Stearns & Foster and Beautyrest Black. The Company's customers are college educated women in middle to upper-middle income households. The Company stores are located in areas, including Florida, Texas, North Carolina, Tennessee and Maryland.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of HAVERTY FURNITURE COMPANIES, INC.
Full Guru Analysis for HVT
Full Factor Report for HVT
HORACE MANN EDUCATORS CORPORATION (HMN) is a small-cap value stock in the Insurance (Prop. & Casualty) industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Horace Mann Educators Corporation (HMEC) is an insurance holding company. Through its subsidiaries, HMEC markets and underwrites personal lines of property and casualty (primarily personal lines automobile and homeowners) insurance, retirement annuities (primarily tax-qualified products) and life insurance in the United States. The Company's operating segments include Property and Casualty segment, comprising primarily personal lines automobile and homeowners products; Retirement segment, comprising primarily tax-qualified fixed and variable annuities; Life segment life insurance, and Corporate and Other. It markets and services its products through a sales force of full-time agents supported by its Customer Contact Center. These agents sell HMEC's products and limited additional third-party vendor products. As of December 31, 2016, its property and casualty subsidiaries and its life insurance subsidiary were licensed to write business in over 48 states and the District of Columbia.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of HORACE MANN EDUCATORS CORPORATION
Full Guru Analysis for HMN
Full Factor Report for HMN
CAPITAL SOUTHWEST CORPORATION (CSWC) is a small-cap value stock in the Misc. Financial Services industry. The rating according to our strategy based on Martin Zweig changed from 82% to 89% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Capital Southwest Corporation is an investment company that specializes in providing customized financing to middle market companies in a range of industry segments located primarily in the United States. The Company is a specialty lending company. Its principal investment objective is to produce risk-adjusted returns by generating current income from debt investments and capital appreciation from its equity and equity related investments. It focuses on partnering with business owners, management teams and financial sponsors to provide financing solutions to fund growth, changes of control, or other corporate events. In allocating future investments, it focuses on investing in senior and subordinated debt securities secured by security interests in portfolio company assets, coupled with equity interests. It targets senior and subordinated investments in the lower middle market and private loan transactions, as well as first and second lien syndicated loans in middle market companies.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: FAIL
INSIDER TRANSACTIONS: PASS
Detailed Analysis of CAPITAL SOUTHWEST CORPORATION
Full Guru Analysis for CSWC
Full Factor Report for CSWC
CLEAN HARBORS INC (CLH) is a mid-cap growth stock in the Waste Management Services industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Clean Harbors, Inc. is a provider of environmental, energy and industrial services throughout North America. The Company is also a re-refiner and recycler of used oil in the world and a provider of parts cleaning and related environmental services to commercial, industrial and automotive customers in North America. The Company operates in six segments: Technical Services, Industrial Services, Field Services, Safety-Kleen, Oil and Gas Field Services, and Lodging Services. The Company is also a service provider in the recovery and decontamination of pollutants. The Company provides services to protect the ozone layer from the effects of chlorofluorocarbons (CFCs). It offers brands, such as Performance Plus brand and green brand EcoPower. The Company also offers CleanPack services, which include the collection, identification and categorization, packaging, transportation and disposal of laboratory chemicals and household hazardous waste. It also provides hydro excavation services.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of CLEAN HARBORS INC
Full Guru Analysis for CLH
Full Factor Report for CLH
CREDIT ACCEPTANCE CORP. (CACC) is a large-cap value stock in the Consumer Financial Services industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Credit Acceptance Corporation offers financing programs that enable automobile dealers to sell vehicles to consumers. The Company's financing programs are offered through a network of automobile dealers. The Company has two Dealers financing programs: the Portfolio Program and the Purchase Program. Under the Portfolio Program, the Company advances money to dealers (Dealer Loan) in exchange for the right to service the underlying consumer loans. Under the Purchase Program, the Company buys the consumer loans from the dealers (Purchased Loan) and keeps the amounts collected from the consumer. Dealer Loans and Purchased Loans are collectively referred to as Loans. As of December 31, 2016, the Company's target market included approximately 60,000 independent and franchised automobile dealers in the United States. The Company has market area managers located throughout the United States that market its programs to dealers, enroll new dealers and support active dealers.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: FAIL
INSIDER TRANSACTIONS: PASS
Detailed Analysis of CREDIT ACCEPTANCE CORP.
Full Guru Analysis for CACC
Full Factor Report for CACC
AFLAC INCORPORATED (AFL) is a large-cap value stock in the Insurance (Accident & Health) industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Aflac Incorporated is a holding company. The Company is involved in supplemental health and life insurance, which is marketed and administered through its subsidiary, American Family Life Assurance Company of Columbus (Aflac). The Company's insurance business consists of two segments: Aflac Japan and Aflac U.S. Aflac Japan are designed to help consumers pay for medical and non-medical costs that are not reimbursed under Japan's national health insurance system. It offers insurance products, such as cancer, medical, and income support insurance. Its protection products include whole life, GIFT, and WAYS and Child Endowment. The Company designs the United States insurance products to provide supplemental coverage for people having medical or primary insurance coverage. Aflac U.S. offers accident coverage on both an individual and group basis. It offers cancer plans, critical illness plans, and critical care and recovery plans.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: FAIL
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of AFLAC INCORPORATED
Full Guru Analysis for AFL
Full Factor Report for AFL
ALLEGHANY CORPORATION (Y) is a mid-cap value stock in the Insurance (Life) industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Alleghany Corporation is an insurance holding company. The Company, through its subsidiary Alleghany Insurance Holdings LLC (AIHL) and its subsidiaries, is engaged in the property and casualty insurance business. AIHL's insurance operations are conducted by its subsidiaries RSUI Group, Inc. (RSUI), CapSpecialty, Inc. (CapSpecialty) and Pacific Compensation Corporation (PacificComp). Its segments include reinsurance and insurance. Its reinsurance segment consists of property and casualty reinsurance operations conducted by Transatlantic Holdings, Inc. reinsurance operating subsidiaries. Its insurance segment consists of property and casualty insurance operations conducted by AIHL through its insurance operating subsidiaries RSUI, CapSpecialty and PacificComp. AIHL Re LLC, which is a captive reinsurance company, provides reinsurance to its insurance operating subsidiaries and affiliates.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: FAIL
INSIDER TRANSACTIONS: PASS
Detailed Analysis of ALLEGHANY CORPORATION
Full Guru Analysis for Y
Full Factor Report for Y
AMEDISYS INC (AMED) is a mid-cap growth stock in the Healthcare Facilities industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Amedisys, Inc. is a healthcare services company. The Company's segments are Home Health, Hospice, Personal Care and Other. The Company is a provider of home health, hospice and personal care services. The Company owns and operates approximately 524 centers in 39 states and the District of Columbia. The Company's Home Health segment provides compassionate healthcare to help its patients recover from surgery or illness, live with chronic diseases, and prevent avoidable hospital readmissions. The Hospice segment provides support for those who are dealing with a terminal illness, such as heart disease, pulmonary disease, Alzheimer's and Human Immunodeficiency Virus (HIV)/Acquired Immuno Deficiency Syndrome (AIDS). The Personal care segment provides patients with assistance with the essential activities of daily living.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of AMEDISYS INC
Full Guru Analysis for AMED
Full Factor Report for AMED
ARROW FINANCIAL CORPORATION (AROW) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Arrow Financial Corporation (Arrow) is a bank holding company. The Company's banking subsidiaries are Glens Falls National Bank and Trust Company (Glens Falls National) and Saratoga National Bank and Trust Company (Saratoga National). It operates in community banking industry segment. The Company's business consists primarily of the ownership, supervision and control of its two banks. It provides advisory and administrative services and coordinates the general policies and operation of the banks. The Company offers a range of commercial and consumer banking, and financial products. Its deposit base consists of deposits derived from the communities it serves. Through its banks' trust operations, the Company provides retirement planning, trust and estate administration services for individuals, and pension, profit-sharing and employee benefit plan administration for corporations.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: FAIL
INSIDER TRANSACTIONS: PASS
Detailed Analysis of ARROW FINANCIAL CORPORATION
Full Guru Analysis for AROW
Full Factor Report for AROW
BALL CORPORATION (BLL) is a large-cap growth stock in the Containers & Packaging industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Ball Corporation is focused on suppling aluminum packaging for the beverage, personal care and household products industries. The Company's sustainable and aluminum packaging products are produced for a various of end uses and are manufactured in facilities worldwide. It also provides aerospace and other technologies and services to governmental and commercial customers within its aerospace segment. The Company's segments include beverage packaging, North and Central America; beverage packaging, Europe, Middle East and Africa (beverage packaging, EMEA); beverage packaging, South America and aerospace. The Company produces spacecraft, instruments and sensors, radio frequency systems and components, data exploitation solutions and a range of advanced technologies and products that enable weather prediction and climate change monitoring.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of BALL CORPORATION
Full Guru Analysis for BLL
Full Factor Report for BLL
SELECTIVE INSURANCE GROUP INC (SIGI) is a mid-cap value stock in the Insurance (Prop. & Casualty) industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Selective Insurance Group, Inc. is a holding company. As of December 31, 2016, the Company had 10 insurance subsidiaries, nine of which were licensed by various state departments of insurance to write specific lines of property and casualty insurance business. The remaining subsidiary is authorized by various state insurance departments to write property and casualty insurance in the excess and surplus lines (E&S) market. Its segments include Standard Commercial Lines, which consists of insurance products and services provided in the standard marketplace; Standard Personal Lines, which consists of insurance products and services, including flood insurance coverage that it writes through the National Flood Insurance Program (NFIP); E&S Lines, which consists of insurance products and services provided to customers not obtaining coverage in the standard marketplace, and investment segment invests insurance premiums, as well as amounts generated through its capital management strategies.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of SELECTIVE INSURANCE GROUP INC
Full Guru Analysis for SIGI
Full Factor Report for SIGI
MICROSOFT CORPORATION (MSFT) is a large-cap growth stock in the Software & Programming industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Microsoft Corporation is a technology company. The Company develops and supports a range of software products, services, devices, and solutions. The Company's segments include Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Company's products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; and video games. It also designs, manufactures, and sells devices, including personal computers (PCs), tablets, gaming and entertainment consoles, other intelligent devices, and related accessories. It offers an array of services, including cloud-based solutions that provide customers with software, services, platforms, and content, and it provides solution support and consulting services. It markets and distributes its products and services through original equipment manufacturers, direct, and distributors and resellers.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of MICROSOFT CORPORATION
Full Guru Analysis for MSFT
Full Factor Report for MSFT
ORACLE CORPORATION (ORCL) is a large-cap growth stock in the Software & Programming industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Oracle Corporation (Oracle) provides products and services that address enterprise information technology (IT) environments. The Company's businesses include cloud and license, hardware and services. Its products and services include applications and infrastructure offerings that are delivered through a variety of IT deployment models. Its customers include government agencies, educational institutions and resellers. Using Oracle technologies, its customers build, deploy, run, manage and support their internal and external products, services and business operations. Its Oracle Cloud Services offerings includes Oracle Software as a Service (SaaS) and Oracle infrastructure as a service (IaaS) offering, which provides a stack of applications and infrastructure services delivered via cloud-based deployment models. Oracle Cloud Services integrate the software, hardware and services on a customer's behalf in a cloud-based IT environment.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: FAIL
INSIDER TRANSACTIONS: PASS
Detailed Analysis of ORACLE CORPORATION
Full Guru Analysis for ORCL
Full Factor Report for ORCL
T ROWE PRICE GROUP INC (TROW) is a large-cap growth stock in the Investment Services industry. The rating according to our strategy based on Martin Zweig changed from 85% to 92% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: T. Rowe Price Group, Inc. is a financial services holding company. The Company provides global investment management services through its subsidiaries to investors across the world. It provides a range of United States mutual funds, sub advised funds, separately managed accounts, collective investment trusts, and other products, which include open-ended investment products offered to investors outside the United States and products offered through variable annuity life insurance plans in the United States. The Company distributes its products in countries located within three geographical regions: Americas, Europe, Middle East and Africa (EMEA), and Asia Pacific (APAC). It also offers specialized advisory services, including management of stable value investment contracts and a distribution management service for the disposition of equity securities its clients receive from third-party venture capital investment pools. It serves clients in approximately 51 countries across the world.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of T ROWE PRICE GROUP INC
Full Guru Analysis for TROW
Full Factor Report for TROW
SOUTH PLAINS FINANCIAL INC (SPFI) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on Martin Zweig changed from 82% to 89% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: South Plains Financial Inc. is a bank holding company for City bank (the Bank). The Bank provides wide range of commercial and consumer financial services to small and medium-sized businesses and individuals in its market areas. Its principal business activities include commercial and retail banking, along with insurance, investment, trust and mortgage services. The Bank operates 26 branch offices and 13 production offices both in banking markets and in certain areas that primarily focus on mortgage loan production. The Bank operates through two reportable segments: banking and insurance.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of SOUTH PLAINS FINANCIAL INC
Full Guru Analysis for SPFI
Full Factor Report for SPFI
BAIN CAPITAL SPECIALTY FINANCE INC (BCSF) is a small-cap value stock in the Investment Services industry. The rating according to our strategy based on Martin Zweig changed from 85% to 92% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Bain Capital Specialty Finance, Inc. is a managed specialty finance company focused on lending to middle market companies. The fund seeks to invest in senior investments with a first or second lien on collateral, senior first lien, stretch senior, senior second lien, unitranche, mezzanine debt, junior securities, other junior investments, and secondary purchases of assets or portfolios that primarily consist of middle-market corporate debt. The Company's investment portfolio also includes corporate bonds, investment vehicles, equity interest, and preferred equity. It focuses on structuring, monitoring, and managing each of its current and prospective portfolio company investments. The Company also draws on the broader capabilities within Bain Capital's platform of investment professionals around the world.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of BAIN CAPITAL SPECIALTY FINANCE INC
Full Guru Analysis for BCSF
Full Factor Report for BCSF
UFP INDUSTRIES INC (UFPI) is a mid-cap value stock in the Forestry & Wood Products industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: UFP Industries, Inc., formerly Universal Forest Products, Inc., is a holding company. The Company, through its subsidiaries, supplies wood, wood composite and other products to three primary markets, such as retail, construction and industrial. Its segments include North, South, West, Alternative Materials, International, idX Holdings, Inc. (idX) and Corporate divisions. idX is a designer, manufacturer and installer of in-store environments. It designs, manufactures and markets wood and wood-alternative products for national home centers and other retailers; structural lumber and other products for the manufactured housing industry; engineered wood components for residential and commercial construction; specialty wood packaging, components and packing materials for various industries, and customized interior fixtures used in a range of retail stores, commercial and other structures.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of UFP INDUSTRIES INC
Full Guru Analysis for UFPI
Full Factor Report for UFPI
RATTLER MIDSTREAM LP (RTLR) is a small-cap value stock in the Oil Well Services & Equipment industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Rattler Midstream LP provides crude oil, natural gas and water-related midstream services to Diamondback Energy, Inc. (Diamondback). The Company's services include fresh water services, saltwater disposal services, crude oil gathering, natural gas gathering and real estate contracts. The Company owns, operates, develops and acquires midstream infrastructure assets in the Midland and Delaware Basins of the Permian. The Company operates through two segments: midstream services and real estate operations. The Company owned and operated 781 miles of pipeline across the Midland and Delaware Basins with approximately 232,000 barrels per day (Bbl/d) of crude oil gathering capacity, 2.720 million Bbl/d of saltwater disposal, or SWD, capacity, 575,000 Bbl/d of fresh water gathering capacity, 80,000 thousand cubic feet per day (Mcf/d) of natural gas compression capability and 150,000 Mcf/d of natural gas gathering capacity.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: FAIL
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of RATTLER MIDSTREAM LP
Full Guru Analysis for RTLR
Full Factor Report for RTLR
IAA INC (IAA) is a mid-cap growth stock in the Retail (Specialty) industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: IAA, Inc. is a provider of auction solutions for total loss, damaged and low-value vehicles. The Company facilitates the sale of total loss, damaged and low-value vehicles for a range of sellers, including insurance companies, dealerships, rental car companies, fleet lease companies and charitable organizations. Its solutions provide buyers with the vehicles they need to fulfill their vehicle rebuild requirements, replacement part inventory or scrap demand. Its services include CSAToday, IAA Market Value, Mobile Vehicle Assignment, BidFast, Catastrophe (CAT) Services, Multi-Channel Auction Model, i-Bid LIVE, IAA Buy Now and IAA Screen Sale. The Company operates as Insurance Auto Auctions, Inc. (IAA) in the United States, Impact Auto Auctions Ltd in Canada and HBC Vehicle Services Limited (HBC) in the United Kingdom.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: FAIL
INSIDER TRANSACTIONS: PASS
Detailed Analysis of IAA INC
Full Guru Analysis for IAA
Full Factor Report for IAA
HARBORONE BANCORP INC (HONE) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: HarborOne Bancorp, Inc is the bank holding company for HarborOne Bank. The Bank serves the financial needs of consumers, businesses, and municipalities throughout Eastern Massachusetts and Rhode Island through a network of over 26 full-service branches located in Massachusetts and Rhode Island, and a commercial lending office in each of Boston, Massachusetts and Providence, Rhode Island. The Bank also provides a range of educational services through HarborOne U, with classes on small business, financial literacy and personal enrichment at two campuses located adjacent to its Brockton and Mansfield locations. HarborOne Mortgage, LLC, a subsidiary of HarborOne Bank, is a full-service mortgage lender with more than 30 offices in Massachusetts, Rhode Island, New Hampshire, Maine, New Jersey and Florida.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: FAIL
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of HARBORONE BANCORP INC
Full Guru Analysis for HONE
Full Factor Report for HONE
BANCO BBVA ARGENTINA SA (ADR) (BBAR) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on Martin Zweig changed from 69% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Banco Bbva Argentina SA, formerly known as BBVA French Bank, is an Argentina-based banking institution. Through its banking platform, the Bank provides a broad range of financial and non-financial services to both individuals and companies. It manages three business lines: Retail Banking, Small and Medium-Sized Companies and Corporate and Investment Banking (C&IB). Retail Banking offers checking and savings accounts, time deposits, credit cards, loans, mortgages, insurance and investment products, among others. Small and Medium-Sized Companies targets local private-sector companies providing financing products, factoring, checking accounts, time deposits, transactional and payroll services, insurance and investment products, among others. C&IB offers financial services to corporations and multinational companies, as well as global transaction services, global markets solutions, long term financing, among others. The Bank is active locally, mostly.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: FAIL
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of BANCO BBVA ARGENTINA SA (ADR)
Full Guru Analysis for BBAR
Full Factor Report for BBAR
CARLYLE GROUP INC (CG) is a large-cap value stock in the Investment Services industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: The Carlyle Group Inc., formerly The Carlyle Group L.P., is a diversified multi-product global alternative asset management firm. The Company advises on various investment funds and other investment vehicles that invests across a range of industries, geographies, asset classes and investment strategies, and seeks to deliver returns for its fund investors. The Company operates in four segments: Corporate Private Equity (CPE), Real Assets, Global Credit and Investment Solutions. The Corporate Private Equity segment is comprised of the operations that advise a diverse group of funds that invest in buyout, middle market and growth capital transactions that focus on either a geography or a particular industry. The Real Assets segment is comprised of the operations that advise United States and international funds focused on real estate, infrastructure, energy and renewable energy transactions.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of CARLYLE GROUP INC
Full Guru Analysis for CG
Full Factor Report for CG
FIRST REPUBLIC BANK (FRC) is a large-cap growth stock in the Regional Banks industry. The rating according to our strategy based on Martin Zweig changed from 85% to 92% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: First Republic Bank (the Bank) is a commercial bank and trust company. The Bank specializes in providing services, including private banking, private business banking, real estate lending and wealth management services, including trust and custody services, to clients in selected metropolitan areas in the United States. It operates through two segments: Commercial Banking and Wealth Management. The principal business activities of the Commercial Banking segment are gathering deposits, originating and servicing loans and investing in investment securities. The principal business activities of the Wealth Management segment include the investment management activities of First Republic Investment Management, Inc. (FRIM), which manages investments for individuals and institutions; money market mutual fund activities through third-party providers and the brokerage activities of First Republic Securities Company, LLC (FRSC) and its foreign exchange activities conducted on behalf of clients.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: FAIL
INSIDER TRANSACTIONS: PASS
Detailed Analysis of FIRST REPUBLIC BANK
Full Guru Analysis for FRC
Full Factor Report for FRC
MANNING AND NAPIER INC (MN) is a small-cap value stock in the Investment Services industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Manning & Napier, Inc. (Manning & Napier) is an independent investment management firm. The Company provides its clients with a range of financial solutions and investment strategies, including wealth management services. The Company's investment strategies are powered by multiple research engines, employing fundamental and quantitative approaches, and are offered as both single- and multi-asset class portfolios. The Company provides investment management services to separately managed accounts, mutual funds and collective investment trust funds. The Company's separate accounts are primarily distributed through wealth management sales channel, where its financial consultants form relationships with high-net-worth individuals, endowments, foundations, and retirement plans. Its mutual funds and collective investment trusts are primarily distributed through financial intermediaries, including brokers, financial advisors, retirement plan advisors and platform relationships.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: FAIL
INSIDER TRANSACTIONS: PASS
Detailed Analysis of MANNING AND NAPIER INC
Full Guru Analysis for MN
Full Factor Report for MN
HANMI FINANCIAL CORP (HAFC) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on Martin Zweig changed from 82% to 89% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Hanmi Financial Corporation is the holding company for Hanmi Bank (the Bank). The Bank is a community bank conducting general business banking, with its primary market encompassing the Korean-American community, as well as other ethnic communities across California, Colorado, Georgia, Illinois, New York, Texas, Virginia and Washington. The Bank's client base reflects the multi-ethnic composition of these communities. The Bank maintains a branch network of full-service branch offices in California, Illinois, New Jersey, New York, Texas and Virginia, and loan production offices in California, Colorado, Texas, Virginia and Washington State. Its lending activities include real estate loans (commercial property, construction and residential property), commercial and industrial loans (commercial term loans, commercial lines of credit and international), and consumer loans and small business administration (SBA) loans. Its revenues are derived from interest and fees on its loans.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: FAIL
INSIDER TRANSACTIONS: PASS
Detailed Analysis of HANMI FINANCIAL CORP
Full Guru Analysis for HAFC
Full Factor Report for HAFC
HOMESTREET INC (HMST) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: HomeStreet, Inc. is a financial services company serving customers primarily in the western United States, including Hawaii. The Company is principally engaged in real estate lending, including mortgage banking activities, and commercial and consumer banking. The Company's operating segments include Commercial and Consumer Banking, and Mortgage Banking. It provides financial products and services to its commercial and consumer customers through retail deposit branches and commercial lending centers, automated teller machines (ATMs), and online, mobile and telephone banking. The Company originates single family residential mortgage loans for sale in the secondary markets. Its mortgage loans are sold to or securitized by Fannie Mae, The Federal Home Loan Mortgage Corporation (Freddie Mac) or The Government National Mortgage Association (Ginnie Mae), while it retains the right to service these loans. It also provides insurance products and services for consumers and businesses.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of HOMESTREET INC
Full Guru Analysis for HMST
Full Factor Report for HMST
ARES COMMERCIAL REAL ESTATE CORP (ACRE) is a small-cap value stock in the Misc. Financial Services industry. The rating according to our strategy based on Martin Zweig changed from 82% to 89% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Ares Commercial Real Estate Corporation is a specialty finance company. The Company is primarily engaged in originating and investing in commercial real estate (CRE) loans and related investments. The Company operates through principal lending segment. Its target investments include senior mortgage loans, subordinated debt, preferred equity, mezzanine loans and other CRE investment opportunities, including commercial mortgage-backed securities. These investments are generally held for investment and are secured, directly or indirectly, by office, multifamily, retail, industrial, lodging, senior-living, self-storage and other commercial real estate properties, or by ownership interests therein. Through the Company's manager, Ares Commercial Real Estate Management LLC, it has investment professionals located across the United States and Europe who directly source loan opportunities for the Company with owners, operators and sponsors of CRE properties.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: FAIL
INSIDER TRANSACTIONS: PASS
Detailed Analysis of ARES COMMERCIAL REAL ESTATE CORP
Full Guru Analysis for ACRE
Full Factor Report for ACRE
FACEBOOK INC (FB) is a large-cap growth stock in the Computer Services industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Facebook, Inc. is focused on building products that enable people to connect and share through mobile devices, personal computers virtual reality headsets, and in-home devices. The Company's products include Facebook, Instagram, Messenger, WhatsApp and Facebook Reality Labs. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers. Instagram is a place where people can express themselves through photos, videos, and private messaging, and connect with and shop from their favorite businesses and creators. Messenger is a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices. WhatsApp is a messaging application that is used by people around the world to communicate and transact in a private way. Its Facebook Reality Labs offers augmented and virtual reality products, which include Oculus virtual reality technology and content platform.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of FACEBOOK INC
Full Guru Analysis for FB
Full Factor Report for FB
POPULAR INC (BPOP) is a mid-cap value stock in the Regional Banks industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Popular, Inc. (Popular) is a financial holding company. The Company operates in two segments: Banco Popular de Puerto Rico (BPPR), which includes its Puerto Rico business, and Banco Popular North America (BPNA), which includes its the United States mainland business. The Company has operations in Puerto Rico, the United States and the Caribbean. The Company's BPPR segment provides retail, mortgage and commercial banking services through its banking subsidiary, Banco Popular de Puerto Rico, as well as auto and equipment leasing and financing, investment banking, broker-dealer and insurance services through specialized subsidiaries. The Company's BPNA segment consists of Popular North America, Inc. (PNA) functioning as the holding company for its operations in the United States. It also operates PNA's subsidiary, E-LOAN, Inc. The banking operations of BPNA in the United States mainland are based in New York, Florida and New Jersey, conducted under the name of Popular Community Bank.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of POPULAR INC
Full Guru Analysis for BPOP
Full Factor Report for BPOP
NATIONAL BANK HOLDINGS CORP (NBHC) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: National Bank Holdings Corporation is a bank holding company. The Company's primary operations are conducted through its subsidiary, NBH Bank (the Bank), through which it provides a range of banking products to both commercial and consumer clients. Through NBH Bank, it operates under the brand names: Bank Midwest in Kansas and Missouri; Community Banks of Colorado in Colorado, and Hillcrest Bank in Texas. In addition to traditional banking activities, it provides an array of treasury management solutions to its clients, including online and mobile banking, wire transfers, automated clearing house services, electronic bill payment, lock box services, remote deposit capture services, merchant processing services, cash vault, controlled disbursements, positive pay and other auxiliary services (including account reconciliation, collections, repurchase accounts, zero balance accounts and sweep accounts).
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: FAIL
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of NATIONAL BANK HOLDINGS CORP
Full Guru Analysis for NBHC
Full Factor Report for NBHC
SHUTTERSTOCK INC (SSTK) is a mid-cap growth stock in the Motion Pictures industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Shutterstock, Inc. (Shutterstock) is a global technology company that operates a two-sided marketplace for professionals to license content. The Company's library of content includes digital imagery, which consists of licensed photographs, vectors, illustrations and video clips that customers use in their visual communications, such as Websites, digital and print marketing materials, corporate communications, books, publications and video content, and commercial music, which consists of music tracks and sound effects and which is often used to complement digital imagery. It also offers digital asset management services through its cloud-based digital asset management platform (webdam). Its global marketplace brings together users and contributors of content by providing a collection of content its customers can pay to license and incorporate into their work and by compensating contributors as their content is licensed to customers.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of SHUTTERSTOCK INC
Full Guru Analysis for SSTK
Full Factor Report for SSTK
LIVE OAK BANCSHARES INC (LOB) is a mid-cap growth stock in the Regional Banks industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Live Oak Bancshares, Inc. is a bank holding company. The Company conducts business operations primarily through its commercial bank subsidiary, Live Oak Banking Company (the Bank). The Bank specializes in providing lending services to small businesses nationwide in targeted industries. The loans originated by the Bank are guaranteed by the small business administration (SBA). The Company's loan portfolio includes commercial and industrial loans; construction and development loans; commercial real estate, and commercial land. The Company's investment securities include the United States Government agencies, residential mortgage-backed securities and mutual fund. The Company's deposits include non-interest-bearing deposits and interest-bearing deposits, such as interest-bearing checking, money market and time deposits.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: FAIL
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of LIVE OAK BANCSHARES INC
Full Guru Analysis for LOB
Full Factor Report for LOB
HOULIHAN LOKEY INC (HLI) is a mid-cap growth stock in the Investment Services industry. The rating according to our strategy based on Martin Zweig changed from 85% to 92% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Houlihan Lokey, Inc. is a global independent investment bank that focuses on mergers and acquisitions (M&A), capital markets, financial restructuring, valuation, and strategic consulting. The Company operates through three segments: Corporate Finance, Financial Restructuring and Financial and Valuation Advisory. The Company provides financial professionals with an integrated platform that enables them to deliver advice to its clients. The Corporate Finance activities include two categories: M&A and capital markets advisory. The Financial and Valuation Advisory segment includes financial opinions, and a range of valuation and financial consulting services in the United States. It also provides strategic consulting services to clients. The Financial Restructuring segment provides advice to debtors and creditors.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of HOULIHAN LOKEY INC
Full Guru Analysis for HLI
Full Factor Report for HLI
ALLEGIANCE BANCSHARES INC (ABTX) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Allegiance Bancshares, Inc. is a bank holding company. Through its subsidiary, Allegiance Bank (the Bank), the Company provides a range of commercial banking services primarily to Houston metropolitan area-based small to medium-sized businesses, professionals and individual customers. In addition to banking during normal business hours, the Company offers extended drive-in hours, automated teller machines (ATMs) and banking by telephone, mail and Internet. The Company also provides debit card services, cash management services and wire transfer services, and offers night depository, direct deposits, cashier's checks, letters of credit and mobile deposits. It also offers safe deposit boxes, automated teller machines, drive-in services and round the clock depository facilities. The Company maintains an Internet banking Website that allows customers to obtain account balances and transfer funds among accounts.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: FAIL
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of ALLEGIANCE BANCSHARES INC
Full Guru Analysis for ABTX
Full Factor Report for ABTX
ALPHABET INC (GOOGL) is a large-cap growth stock in the Computer Services industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Alphabet Inc. is a holding company. The Company's segments include Google and Other Bets. The Company's Google segment includes Google Services and Google Cloud. Its Google Services products and platforms include Android, Chrome, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube. Its Google Cloud provides enterprise-ready cloud services, including Google Cloud Platform and Google Workspace. Its Google Cloud Platform enables developers to build, test, and deploy applications on its infrastructure. Its Google Workspace collaboration tools include applications like Gmail, Docs, Drive, Calendar, Meet. The Google segment is engaged in advertising, sales of digital content, applications and cloud offerings. Its hardware products include Pixel phones, Chromecast with Google TV and the Google Nest Hub smart display. The Other Bets segment is engaged in the sales of Internet and television services, licensing and research and development (R&D) services.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of ALPHABET INC
Full Guru Analysis for GOOGL
Full Factor Report for GOOGL
WILLIS TOWERS WATSON PLC (WLTW) is a large-cap growth stock in the Insurance (Miscellaneous) industry. The rating according to our strategy based on Martin Zweig changed from 82% to 89% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Willis Towers Watson Public Limited Company (Willis Towers Watson) is a holding company. The Company operates as a global advisory, broking and solutions company. It is engaged in offering risk management, insurance broking, consulting, technology and solutions, and private exchanges. The Company operates through eight segments: Willis International; Willis North America; Willis Capital, Wholesale & Reinsurance (CWR); Willis GB; Towers Watson Benefits; Towers Watson Exchange Solutions; Towers Watson Risk and Financial Services; and Towers Watson Talent and Rewards. The Willis GB segment comprises four business units: Property and Casualty, Transport, Financial Lines and Retail Networks. The Willis Capital Wholesale and Reinsurance segment includes Willis Re; Willis Capital Markets & Advisory; Willis' wholesale business, and Willis Portfolio Underwriting Services. The Willis North America segment provides risk management, insurance brokerage and related risk services.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: FAIL
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of WILLIS TOWERS WATSON PLC
Full Guru Analysis for WLTW
Full Factor Report for WLTW
ATKORE INC (ATKR) is a mid-cap value stock in the Constr. - Supplies & Fixtures industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Atkore Inc., formerly Atkore International Group Inc., is a manufacturer of electrical raceway products. The Company operates in two segments: Electrical segment and Safety and Infrastructure segment. Through the electrical segment, it manufactures products that deploy, isolate and protect a structure's electrical circuitry from the original power source to the final outlet. The Company's electrical segment products are used in the construction of electrical power systems including conduit, cable, and installation accessories. Its Safety and Infrastructure segment designs and manufactures solutions, including metal framing, mechanical pipe, perimeter security and cable management for the protection and reliability of critical infrastructure. The Company's products are primarily offered for non-residential construction and renovation markets, and safety and infrastructure solutions for the construction and industrial markets.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of ATKORE INC
Full Guru Analysis for ATKR
Full Factor Report for ATKR
MEDPACE HOLDINGS INC (MEDP) is a mid-cap growth stock in the Biotechnology & Drugs industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Medpace Holdings, Inc. is a clinical contract research organization. The Company provides clinical research-based drug and medical device development services. The Company partners with pharmaceutical, biotechnology, and medical device companies in the development and execution of clinical trials. The Company's drug development services focus on full service Phase I-IV clinical development services and include development plan design, coordinated central laboratory, project management, regulatory affairs, clinical monitoring, data management and analysis, pharmacovigilance new drug application submissions, and post-marketing clinical support. The Company also provides bio-analytical laboratory services, clinical human pharmacology, imaging services, and electrocardiography reading support for clinical trials. The Company's operations are principally based in North America, Europe, and Asia.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: FAIL
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of MEDPACE HOLDINGS INC
Full Guru Analysis for MEDP
Full Factor Report for MEDP
FNCB BANCORP INC (FNCB) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: FNCB Bancorp Inc. is a bank holding company for First National Community Bank (the Bank). The Company's primary activity consists of owning and operating the Bank, which provides customary retail and commercial banking services to individuals and businesses. The Bank's operations are conducted from over 17 full-service branch offices. The Bank provides a range of traditional banking products and services to individuals and businesses, including online, mobile and telephone banking, debit cards, check imaging and electronic statements. Deposit products include various checking, savings and certificate of deposit products, as well as a line of preferred products for higher-balance customers. The Bank offers its retail and business customers several overdraft protection products including bounce protection, instant money and transfers from another FNCB checking or savings account.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: FAIL
INSIDER TRANSACTIONS: PASS
Detailed Analysis of FNCB BANCORP INC
Full Guru Analysis for FNCB
Full Factor Report for FNCB
JANUS HENDERSON GROUP PLC (JHG) is a mid-cap value stock in the Investment Services industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Janus Henderson Group PLC is an independent global asset manager. The Company specializes in active investment across all asset classes. It operates through the investment management business segment. It manages a broad range of investment products for institutional and retail investors across five capabilities: Equities, Quantitative Equities, Fixed Income, Multi-Asset and Alternatives. It operates across various product lines, distribution channels and geographic regions. Its regional focus includes United States, Europe, Asia and Australia.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: FAIL
INSIDER TRANSACTIONS: PASS
Detailed Analysis of JANUS HENDERSON GROUP PLC
Full Guru Analysis for JHG
Full Factor Report for JHG
KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC (KNX) is a mid-cap growth stock in the Trucking industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Knight-Swift Transportation Holdings Inc., formerly Swift Transportation Company, provides truckload services in North America. The Company also provides rail intermodal and non-asset based freight brokerage and logistics management services. The Company provides its services across United States, Mexico and Canada using its dry van, refrigerated, flatbed and specialized trailers, and intermodal containers. As of September 10, 2017, the Company had a fleet of approximately 23,000 tractors and 77,000 trailers. It operates through its Knight Transportation, Swift Transportation, and Barr-Nunn branded subsidiaries.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC
Full Guru Analysis for KNX
Full Factor Report for KNX
METROPOLITAN BANK HOLDING CORP (MCB) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Metropolitan Bank Holding Corp. is a bank holding company. Through its subsidiary, Metropolitan Commercial Bank, the Bank provides a range of business, commercial and retail banking products and services to small businesses, middle-market enterprises, public entities and affluent individuals in the New York metropolitan area. In addition to the traditional commercial banking products, it offers cash management and retail banking services. The Bank also serve as an issuing bank for debit card programs nationwide. The Bank's products and services include lending products and services and retail product and services.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: FAIL
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: FAIL
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of METROPOLITAN BANK HOLDING CORP
Full Guru Analysis for MCB
Full Factor Report for MCB
RELIANT BANCORP INC (RBNC) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Reliant Bancorp, Inc., formerly Commerce Union Bancshares, Inc., serves as the bank holding company for Reliant Bank. The Company has two segments: Retail Banking and Residential Mortgage Banking. Retail Banking provides deposit and lending services to consumer and business customers within its primary geographic markets. Its customers are serviced through branch locations, automated teller machines (ATMs), online banking and mobile banking. Residential Mortgage Banking originates first lien residential mortgage loans throughout the United States. These loans are typically underwritten to government agency standards and sold to third-party secondary market mortgage investors. Reliant Bank provides a range of traditional banking services throughout the Middle Tennessee Region and the Nashville-Davidson-Murfreesboro-Franklin Metropolitan Statistical Area. Reliant Bank provides commercial banking services for businesses and individuals.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: FAIL
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of RELIANT BANCORP INC
Full Guru Analysis for RBNC
Full Factor Report for RBNC
LEVEL ONE BANCORP INC (LEVL) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on Martin Zweig changed from 82% to 89% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Level One Bancorp, Inc is a bank holding company operating through its wholly owned subsidiary, Level One Bank. The Bank offers a comprehensive range of loan products to residential and commercial markets, as well as retail and business banking services. The Bank operates over 17 offices, including 11 full-service banking centers in Metro Detroit, one banking center in Grand Rapids, one banking center in Jackson, three banking centers in Ann Arbor and one mortgage loan production office in Ann Arbor. The Bank provides a wide range of business and consumer financial services in southeastern Michigan and west Michigan. Its primary deposit products are checking, interest-bearing demand, money market and savings, and term certificate accounts, and its primary lending products are commercial real estate, commercial and industrial, residential real estate and consumer loans.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: FAIL
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of LEVEL ONE BANCORP INC
Full Guru Analysis for LEVL
Full Factor Report for LEVL
SPIRIT OF TEXAS BANCSHARES INC (STXB) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Spirit of Texas Bancshares, Inc. is a bank holding company. Through its subsidiary, Spirit of Texas Bank SSB, offers a range of commercial and retail banking services. The Company primarily operates through Community Banking. It operates through 36 full-service branches located primarily in the Houston and Dallas/Fort Worth, Bryan/College Station, Corpus Christi and Tyler metropolitan areas, along with offices in North Central Texas. It delivers relationship-driven financial services to small and medium sized businesses, as well as individuals. It offers a range of loans, including commercial and industrial loans, small business administration loans, construction, land and development real estate loans, commercial real estate loans (including multifamily) and municipal loans. It also offers various loans and leases to individuals and professionals including residential real estate loans, home equity loans, installment loans, personal lines of credit, and standby letters of credit.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: FAIL
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: FAIL
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of SPIRIT OF TEXAS BANCSHARES INC
Full Guru Analysis for STXB
Full Factor Report for STXB
KKR & CO INC (KKR) is a large-cap value stock in the Investment Services industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: KKR & Co. Inc is a global investment company. The Company offers alternative asset management and capital markets and insurance solutions. The Company manages investments funds that invest in private equity, credit and real assets and hedge funds. It offers a range of investment management services to its fund investors, and provides capital markets services to its firm, its portfolio companies and third parties. The Company conducts its business with offices across the world, providing it with a global platform for sourcing transactions, raising capital and carrying out capital markets activities. The Company operates through four business lines: Private Markets, Public Markets, Capital Markets and Principal Activities. The Company also offers annuities for individuals through a network of banks, broker-dealers, and insurance agencies.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of KKR & CO INC
Full Guru Analysis for KKR
Full Factor Report for KKR
BANK OZK (OZK) is a mid-cap value stock in the Regional Banks industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Bank Ozk, formerly Bank of the Ozarks, Inc., is a state chartered bank that provides retail and commercial banking services. Its deposit services include checking, savings, money market, time deposit and individual retirement accounts. Its loan services include various types of real estate, consumer, commercial, industrial and agricultural loans and various leasing services. It also provides mortgage lending; treasury management services for businesses, individuals and non-profit and governmental entities, including wholesale lock box services; remote deposit capture services; trust and wealth management services for businesses, individuals and non-profit and governmental entities, including financial planning, money management, custodial services and corporate trust services; real estate appraisals; ATMs; telephone banking; online and mobile banking services, including electronic bill pay and consumer mobile deposits, and debit cards, gift cards and safe deposit boxes.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: FAIL
INSIDER TRANSACTIONS: PASS
Detailed Analysis of BANK OZK
Full Guru Analysis for OZK
Full Factor Report for OZK
CAPITAL BANCORP INC (CBNK) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Capital Bancorp, Inc. is a bank holding company. The Company operates through its wholly owned subsidiary, Capital Bank, N.A., a commercial-focused community bank. The Company serves financial solutions to businesses, not-for-profit associations and entrepreneurs. The Company operates through three divisions: Commercial Banking; Church Street Mortgage, its residential mortgage banking platform, and OpenSky, credit card platform. Its Commercial Banking division provides advices and solutions to commercial clients. The Church Street Mortgage division originates residential mortgage loans for sale into the secondary market. The OpenSky division provides credit cards to under-banked populations. OpenSky's cards operate on a digital and mobile enabled platform with all marketing and application procedures conducted through its Website and mobile applications.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of CAPITAL BANCORP INC
Full Guru Analysis for CBNK
Full Factor Report for CBNK
INDEPENDENT BANK GROUP INC (IBTX) is a mid-cap value stock in the Regional Banks industry. The rating according to our strategy based on Martin Zweig changed from 85% to 92% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Independent Bank Group, Inc. is a bank holding company. Through the Company's subsidiary, Independent Bank (the Bank), the Company provides a range of commercial banking products and services tailored to meet the needs of businesses, professionals and individuals. As of December 31, 2016, the Company operated 41 banking offices in the Dallas/North Texas area, the Austin/Central Texas area, and the Houston metropolitan area. The Company offers residential mortgages through its mortgage brokerage division. As a mortgage broker, the Company originates residential mortgages, which are sold into the secondary market shortly after closing. The Company also provides wealth management services to its customers, including investment advisory and other related services. The Company offers a range of commercial and retail lending products to businesses, professionals and individuals. Deposits are the Company's principal source of funds for use in lending and other general banking purposes.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: FAIL
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of INDEPENDENT BANK GROUP INC
Full Guru Analysis for IBTX
Full Factor Report for IBTX
FIRST INTERNET BANCORP (INBK) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on Martin Zweig changed from 82% to 89% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: First Internet Bancorp is a bank holding company that conducts its business activities through its subsidiary, First Internet Bank of Indiana (the Bank). The Company offers a complement of products and services on a nationwide basis. The Company conducts its deposit operations primarily over the Internet. The Company also offers commercial real estate (CRE) lending, including nationwide single tenant lease financing and commercial and industrial (C&I) lending, including business banking/treasury management services. The Bank provides commercial and retail banking services, with operations conducted on the Internet at www.firstib.com. It offers residential real estate loans, home equity loans and lines of credit, and consumer loans, and loans to commercial clients, which include commercial loans, commercial real estate loans, letters of credit and single tenant lease financing. The Bank's subsidiary, JKH Realty Services, LLC manages real estate owned properties.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: FAIL
INSIDER TRANSACTIONS: PASS
Detailed Analysis of FIRST INTERNET BANCORP
Full Guru Analysis for INBK
Full Factor Report for INBK
STERLING BANCORP (STL) is a mid-cap value stock in the Regional Banks industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Sterling Bancorp is a financial holding company. The Company is a bank holding company that owns the Sterling National Bank (the Bank). The Bank specializes in the delivery of services and solutions to business owners, their families and consumers within the communities it serves. The Bank offers a line of commercial, business, and consumer banking products and services. The Bank is engaged in the origination of commercial loans and commercial mortgage loans. The Company also originates residential mortgage loans and consumer loans. The Bank offers services in the New York Metro Market, which includes Manhattan and Long Island, and the New York Suburban Market, which consists of Rockland, Orange, Sullivan, Ulster, Putnam and Westchester counties in New York and Bergen County in New Jersey. Its deposit products include non-interest bearing demand deposits, interest bearing demand deposits, savings, money market and certificate of deposits.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: FAIL
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of STERLING BANCORP
Full Guru Analysis for STL
Full Factor Report for STL
LGI HOMES INC (LGIH) is a mid-cap value stock in the Construction Services industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: LGI Homes, Inc is a homebuilder and developer. The Company is engaged in the design, construction, and sale of new homes in markets in Texas, Arizona, Florida, Georgia, New Mexico, Colorado, North Carolina, South Carolina, Washington, Tennessee, Minnesota, Oklahoma, Alabama, California, Oregon, Nevada, West Virginia, Virginia and Pennsylvania. It operates through segments such as the Central division, the Southeast division, the Northwest division, the West division and the Florida divisions. The Company's product offerings include entry-level homes, including both detached and attached homes, and move-up homes, which are sold under its LGI Homes brand, and its luxury series homes, which are sold under its Terrata Homes brand. The Company provides information regarding floor plans and pricing and conduct tours of its homes based on the customer's needs and budget.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of LGI HOMES INC
Full Guru Analysis for LGIH
Full Factor Report for LGIH
NMI HOLDINGS INC (NMIH) is a small-cap value stock in the Insurance (Prop. & Casualty) industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: NMI Holdings, Inc. (NMIH) provides private mortgage guaranty insurance through its insurance subsidiaries. The Company's primary insurance subsidiary, National Mortgage Insurance Corporation (NMIC), is a mortgage insurance (MI) provider on loans purchased by the Government-sponsored enterprises (GSEs). Its reinsurance subsidiary, National Mortgage Reinsurance Inc One (Re One), provides reinsurance to NMIC on certain loans insured by NMIC. NMIH's subsidiary, NMI Services, Inc. (NMIS), provides outsourced loan review services to mortgage loan originators. Its Primary mortgage insurance provides mortgage default protection on individual loans at specified coverage percentages. Primary insurance may be written on a flow basis, in which loans are insured as loan originations occur in individual, loan-by-loan transactions, or an aggregated basis, in which each loan in a portfolio of loans is individually insured in a single transaction, typically after the loans have been originated.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: FAIL
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of NMI HOLDINGS INC
Full Guru Analysis for NMIH
Full Factor Report for NMIH
ARTISAN PARTNERS ASSET MANAGEMENT INC (APAM) is a mid-cap value stock in the Investment Services industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Artisan Partners Asset Management Inc. is an investment management company. The Company provides a range of the United States, non-United States and global investment strategies, each of which is managed by one of its investment teams. The Company provides investment management services to separate accounts, mutual funds and other pooled investment vehicles. The Company offers its investment management services primarily to institutions and through intermediaries that operate with institutional-like decision-making processes and have long-term investment horizons. The Company provides clients with multiple equity investment strategies spanning market capitalization segments and investing styles in both the United States and non-United States markets. The Company also offers one fixed income strategy, the Artisan High Income strategy. Each strategy is managed by one of the investment teams.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of ARTISAN PARTNERS ASSET MANAGEMENT INC
Full Guru Analysis for APAM
Full Factor Report for APAM
INVESCO LTD. (IVZ) is a large-cap value stock in the Investment Services industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Invesco Ltd. (Invesco) is an independent investment management company. The Company provides a range of investment capabilities and outcomes, which are delivered through a set of investment vehicles, to help clients achieve their investment objectives. It has a presence in the retail and institutional markets within the investment management industry in North America; Europe, Middle East and Africa (EMEA), and Asia-Pacific. Its Jemstep solution provides wealth management home offices and their advisors with a suite of technology solutions that are customizable and are integrated into existing systems. The solution offers advisors an open architecture platform that includes Invesco's fundamental and factor-based investment strategies. It offers retail products within various asset classes. It offers a suite of domestic and global strategies, including traditional and quantitative equities, fixed income and absolute return strategies.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: FAIL
INSIDER TRANSACTIONS: PASS
Detailed Analysis of INVESCO LTD.
Full Guru Analysis for IVZ
Full Factor Report for IVZ
CLEARFIELD INC (CLFD) is a small-cap growth stock in the Communications Equipment industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Clearfield, Inc. manufactures, markets and sells fiber management and enclosure platform that consolidates, distributes and protects fiber as it moves from the inside plant to the outside plant and all the way to the home, business and cell site. The Company's products include Clearview Cassette, which is the building block of its product platform; Connectivity and Optical Components; FieldSmart, which is a series of panels, cabinets, wall boxes and other enclosures that house the Clearview components; FieldShield, which is a fiber delivery method for broadband deployment; CraftSmart, which is a line of optical protection field enclosures, and Cable Assemblies. Its products are sold across broadband service providers, including traditional telephone companies, competitive local exchange carriers, multiple service operators (cable television), wireless service providers, and municipal-owned utilities that utilize fiber in their service offerings to businesses and consumers.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of CLEARFIELD INC
Full Guru Analysis for CLFD
Full Factor Report for CLFD
VIRTUS INVESTMENT PARTNERS INC (VRTS) is a mid-cap value stock in the Investment Services industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Virtus Investment Partners, Inc. (Virtus) is a provider of investment management and related services to individuals and institutions. The Company provides its products in various forms and through multiple distribution channels. Its retail products include open-end mutual funds, closed-end funds, exchange traded funds, variable insurance funds, undertakings for collective investments in transferable securities (UCITS) and separately managed accounts. Its open-end mutual funds are distributed through intermediaries. Its closed-end funds trade on the New York Stock Exchange. Its variable insurance funds are available as investment options in variable annuities and life insurance products distributed by life insurance companies. Separately managed accounts consists of intermediary programs, sponsored and distributed by unaffiliated brokerage firms, and private client accounts, which are offered to the high net-worth clients of its affiliated managers.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of VIRTUS INVESTMENT PARTNERS INC
Full Guru Analysis for VRTS
Full Factor Report for VRTS
APOLLO COMMERCIAL REAL EST. FINANCE INC (ARI) is a mid-cap value stock in the Misc. Financial Services industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Apollo Commercial Real Estate Finance, Inc. is a real estate investment trust. The Company primarily originates, acquires, invests in and manages performing commercial first mortgage loans, subordinate financings, commercial mortgage-backed securities (CMBS) and other commercial real estate-related debt investments. The Company targets investments that are secured by institutional quality real estate. The Company's principal business objective is to make investments in its target assets in order to provide attractive risk adjusted returns to its stockholders over the long term, primarily through dividends and secondarily through capital appreciation. The Company is externally managed and advised by ACREFI Management, LLC.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: FAIL
INSIDER TRANSACTIONS: PASS
Detailed Analysis of APOLLO COMMERCIAL REAL EST. FINANCE INC
Full Guru Analysis for ARI
Full Factor Report for ARI
PZENA INVESTMENT MANAGEMENT, INC. (PZN) is a small-cap value stock in the Investment Services industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Pzena Investment Management, Inc. is a holding company. The Company is the sole managing member of Pzena Investment Management, LLC. Pzena Investment Management, LLC is an investment management company. The Company also serves as the general partner of Pzena Investment Management, LP. The Company offers institutional investment products to public and corporate pension funds, endowments, foundations and certain commingled vehicles geared toward institutional investors. The Company also offers access to certain of its global and non-United States strategies through private placement vehicles and collective investment trusts. Pzena Investment Management, LLC is its operating company. Pzena Investment Management, LLC consists of Class A and Class B membership units.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: FAIL
INSIDER TRANSACTIONS: PASS
Detailed Analysis of PZENA INVESTMENT MANAGEMENT, INC.
Full Guru Analysis for PZN
Full Factor Report for PZN
GRUPO FINANCIERO GALICIA S.A. (ADR) (GGAL) is a mid-cap value stock in the Regional Banks industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Grupo Financiero Galicia SA is an Argentina-based financial services holding company. The Company does not have operations of its own and conduct its business through its subsidiaries. Banco Galicia is the Company's main subsidiary and one of Argentina's service banks. The Company's goal is to consolidate its position as one of Argentina's comprehensive financial services providers while continuing to strengthen Banco Galicia's position as one of Argentina's banks. The Company seeks to broaden and complement the operations and businesses of Banco Galicia, through holdings in companies and undertakings whose objectives are related to and/or can produce synergies with financial activities. The Company's non-banking subsidiaries operate in financial and related activities.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: FAIL
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of GRUPO FINANCIERO GALICIA S.A. (ADR)
Full Guru Analysis for GGAL
Full Factor Report for GGAL
META FINANCIAL GROUP INC. (CASH) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on Martin Zweig changed from 85% to 92% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Meta Financial Group, Inc. is a unitary savings and loan holding company. The Company operates through its banking subsidiary, MetaBank (the Bank). Its segments include Payments, Banking, and Corporate Services/Other. MetaBank is both a community-oriented financial institution offering a range of financial services to meet the needs of the communities it serves and a payments company providing services on a nationwide basis. It operates in both the banking and payments industries through MetaBank, its retail banking operation; Meta Payment Systems (MPS), its electronic payments division; AFS/IBEX Financial Services Inc. (AFS/IBEX), its insurance premium financing division, and Refund Advantage, EPS Financial, LLC (EPS) Financial and Specialty Consumer Services, its tax-related financial solutions divisions. The Company, through its Meta Commercial Finance Division, which includes its state-chartered bank subsidiary, Crestmark Bank, provides business-to-business commercial financing.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: FAIL
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of META FINANCIAL GROUP INC.
Full Guru Analysis for CASH
Full Factor Report for CASH
TOWNEBANK (TOWN) is a mid-cap value stock in the Regional Banks industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: TowneBank is a community bank. The Bank offers personal banking services and business banking services. The Bank operates through three segments: Banking, Realty and Insurance. The Banking segment provides loan and deposit services to retail and commercial customers. The Realty segment provides residential real estate services, originations of a range of mortgage loans, resort property management, and residential and commercial title insurance. The Insurance segment provides property and casualty insurance, as well as employee and group benefits. The Bank provides checking accounts, cards, savings, money markets and certificate of deposits (CDs), mobile banking, financial management software, private banking and switch kit. The Bank also offers auto loans, home equity loans, construction loans, lot loans, recreational vehicles, mortgage loans, land acquisition loans, construction loans, development Loans, and personal loans and lines of credit.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: FAIL
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: FAIL
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of TOWNEBANK
Full Guru Analysis for TOWN
Full Factor Report for TOWN
LAZARD LTD (LAZ) is a mid-cap value stock in the Investment Services industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Lazard Ltd (Lazard) is a financial advisory and asset management company. The Company operates through two segments: Financial Advisory and Asset Management. It serves a range of clients around the world, including corporations, governments, institutions, partnerships and individuals. The Financial Advisory business segment offers corporate, partnership, institutional, government, sovereign and individual clients across the globe a range of financial advisory services regarding mergers and acquisitions (M&A) and other strategic matters, restructurings, capital structure, capital raising and various other financial matters to corporate, partnership, institutional, government, sovereign and individual clients. The Asset Management business provides investment solutions and investment management services in equity and fixed income strategies, alternative investments and private equity funds to corporations, public funds and sovereign entities.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: FAIL
INSIDER TRANSACTIONS: PASS
Detailed Analysis of LAZARD LTD
Full Guru Analysis for LAZ
Full Factor Report for LAZ
SVB FINANCIAL GROUP (SIVB) is a large-cap growth stock in the Regional Banks industry. The rating according to our strategy based on Martin Zweig changed from 85% to 92% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: SVB Financial Group is a financial services company, as well as a bank holding and a financial holding company. Its segments include Global Commercial Bank (GCB), SVB Private Bank, SVB Capital and SVB Leerink. The GCB segment consists of the operations of its Commercial Bank, its Global Fund Banking, SVB Wine and its Debt Fund Investments. SVB Private Bank is the private banking and wealth management division of the Bank, which provides personal financial solutions for its clients. SVB Capital is the venture capital investment arm of SVB Financial Group, which focuses on funds management. The Company, through its subsidiaries and divisions, offers a range of banking and financial products and services to clients across the United States. It offers services in the technology, life science/healthcare, private equity/venture capital and wine industries. The Bank and its subsidiaries, also offer asset management, private wealth management, brokerage and other investment services.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of SVB FINANCIAL GROUP
Full Guru Analysis for SIVB
Full Factor Report for SIVB
PARKE BANCORP, INC. (PKBK) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Parke Bancorp, Inc. is a bank holding company of Parke Bank (the Bank). The Bank is a full commercial service bank, with focus on providing personal and business financial services to individuals and small to mid-sized businesses in Gloucester, Atlantic and Cape May Counties in New Jersey and the Philadelphia area in Pennsylvania. It focuses its commercial loan originations on small and mid-sized businesses. Its commercial loan products include residential and commercial real estate construction loans; working capital loans and lines of credit; demand, term and time loans, and equipment, inventory and accounts receivable financing. It also offers a range of deposit products to its commercial customers. It offers contemporary products and services, such as debit cards, Internet banking and online bill payment. Its retail lending activities include residential mortgage loans, home equity lines of credit, fixed rate second mortgages, new and used auto loans and overdraft protection.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: FAIL
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of PARKE BANCORP, INC.
Full Guru Analysis for PKBK
Full Factor Report for PKBK
PRIMERICA, INC. (PRI) is a mid-cap value stock in the Insurance (Life) industry. The rating according to our strategy based on Martin Zweig changed from 85% to 92% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Primerica Inc. (Primerica) is a distributor of financial products to middle-income households in the United States and Canada. The Company operates through three segments: Term Life Insurance, Investment and Savings Products, and Corporate and Other Distributed Products. The Term Life Insurance segment includes underwriting profits on its in-force book of term life insurance policies, net of reinsurance, which are underwritten by its life insurance company subsidiaries. The Investment and Savings Products segment includes retail and managed mutual funds, and annuities distributed through licensed broker-dealer subsidiaries and includes segregated funds, an individual annuity savings product that it underwrites in Canada through Primerica Life Insurance Company of Canada (Primerica Life Canada). In the United States, it distributes mutual fund and annuity products of various third-party companies. It also earns fees for account servicing on a subset of the mutual funds it distributes.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of PRIMERICA, INC.
Full Guru Analysis for PRI
Full Factor Report for PRI
VALLEY NATIONAL BANCORP (VLY) is a mid-cap value stock in the Regional Banks industry. The rating according to our strategy based on Martin Zweig changed from 82% to 89% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Valley National Bancorp is the bank holding company for Valley National Bank (the Bank). The Bank provides a range of commercial, retail, insurance and wealth management financial services products. The Company's segments include Consumer Lending, Commercial Lending, Investment Management, and Corporate and Other Adjustments. The Consumer Lending segment primarily includes residential mortgages, home equity loans and automobile loans. The Commercial Lending segment primarily includes floating rate and adjustable rate commercial and industrial loans, as well as fixed rate owner occupied and commercial real estate loans. The Investment Management segment includes the Company's investments in various types of securities. As of July 26, 2017, the Bank operated 200 branch locations serving northern and central New Jersey, the New York City boroughs of Manhattan, Brooklyn, Queens and Long Island, and Florida.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: FAIL
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: FAIL
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of VALLEY NATIONAL BANCORP
Full Guru Analysis for VLY
Full Factor Report for VLY
WERNER ENTERPRISES, INC. (WERN) is a mid-cap value stock in the Trucking industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Werner Enterprises, Inc. is a transportation and logistics company. The Company is engaged in transporting truckload shipments of general commodities in both interstate and intrastate commerce. It operates through two segments: Truckload and Werner Logistics. It provides logistics services through its Werner Logistics division. As of December 31, 2016, it had a fleet of approximately 7,100 trucks, of which 6,305 were company-operated and 795 were owned and operated by independent contractors. Its Werner Logistics division operated 74 intermodal drayage trucks as of December 31, 2016. Its Truckload segment comprises the One-Way Truckload and Specialized Services units. It operates in several provinces of Canada to provide through-trailer service into and out of Mexico. Its Werner Logistic segment is a non-asset-based transportation and logistics provider and comprises four operating units: truck brokerage, freight management, the intermodal and Werner Global Logistics international.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of WERNER ENTERPRISES, INC.
Full Guru Analysis for WERN
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BANK OF MONTREAL (USA) (BMO) is a large-cap value stock in the Regional Banks industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Bank of Montreal (the Bank) is a financial services provider. The Bank provides a range of personal and commercial banking, wealth management and investment banking products and services. The Bank conducts its business through three operating groups: Personal and Commercial Banking (P&C), Wealth Management and BMO Capital Markets. The P&C business includes two retail and business banking operating segments, such as Canadian Personal and Commercial Banking (Canadian P&C), and the United States Personal and Commercial Banking (U.S. P&C). The Bank's Wealth Management business serves a range of client segments, from mainstream to ultra-high net worth and institutional, with an offering of wealth management products and services, including insurance. BMO Capital Markets is a North American-based financial services provider offering a range of products and services to corporate, institutional and government clients. The Bank has over 900 bank branches in Canada and the United States.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: FAIL
INSIDER TRANSACTIONS: PASS
Detailed Analysis of BANK OF MONTREAL (USA)
Full Guru Analysis for BMO
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HINGHAM INSTITUTION FOR SAVINGS (HIFS) is a small-cap value stock in the S&Ls/Savings Banks industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Hingham Institution for Savings (the Bank) is a Massachusetts-chartered savings bank (the Bank). The Bank is principally engaged in the business of residential and commercial real estate mortgage lending, funded by a retail deposit network and borrowings. The Bank provides a range of financial services to individuals and small businesses through its approximately 10 offices in Boston and southeastern Massachusetts. Its primary deposit products are savings, checking, and term certificate accounts, and its primary lending products are residential and commercial mortgage loans secured by properties in Eastern Massachusetts. The Bank offers personal checking accounts, money market and savings accounts, as well as longer term certificates of deposit for individuals, businesses, non-profits, cities and towns. The Bank's loan portfolio includes residential real estate, commercial real estate, construction, home equity, commercial and consumer segments.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: FAIL
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of HINGHAM INSTITUTION FOR SAVINGS
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SIMMONS FIRST NATIONAL CORPORATION (SFNC) is a mid-cap value stock in the Regional Banks industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Simmons First National Corporation is a financial holding company. The Company, through its subsidiary bank, Simmons Bank, provides financial services to individuals and businesses throughout the market areas they serve. As of December 31, 2016, Simmons Bank conducted banking operations through 150 financial centers located in communities throughout Arkansas, Kansas, Missouri, Tennessee, Colorado, Oklahoma and Texas. Simmons Bank offers consumer, real estate and commercial loans, checking and savings deposits. Simmons Bank and its subsidiaries have also developed products and services, which include credit cards, investments, agricultural finance lending, equipment lending, insurance and small business administration lending. The securities within the portfolio are classified as either held-to-maturity, available-for-sale or trading. The Company offers deposits, including non-interest bearing transaction accounts; interest bearing transaction accounts, and time deposits.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: FAIL
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of SIMMONS FIRST NATIONAL CORPORATION
Full Guru Analysis for SFNC
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STIFEL FINANCIAL CORP (SF) is a mid-cap value stock in the Investment Services industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Stifel Financial Corp. is a financial holding company. Its principal subsidiary is Stifel, Nicolaus & Company, Incorporated, a retail and institutional wealth management and investment banking firm. It operates through three segments: Global Wealth Management, Institutional Group and Other. The Global Wealth Management segment consists of the Private Client Group and Stifel Bank businesses. The Institutional Group segment includes research, equity and fixed income institutional sales and trading, investment banking, public finance and syndicate. The Other segment includes interest income from stock borrow activities and interest income. Its principal activities are private client services, including securities transaction and financial planning services; institutional equity and fixed income sales, trading, research and municipal finance; investment banking services, and retail and commercial banking, including personal and commercial lending programs.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: FAIL
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of STIFEL FINANCIAL CORP
Full Guru Analysis for SF
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STURM RUGER & COMPANY INC (RGR) is a small-cap value stock in the Recreational Products industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Sturm, Ruger & Company, Inc. is engaged in the design, manufacture, and sale of firearms to domestic customers. The Company operates through two segments: firearms and castings. The firearms segment manufactures and sells rifles, pistols, and revolvers principally to a range of federally licensed, independent wholesale distributors primarily located in the United States. The castings segment manufactures and sells steel investment castings and metal injection molding (MIM) parts. The Company's design and manufacturing operations are located in the United States. The Company primarily offers products in three industry product categories: rifles, pistols, and revolvers. The Company's firearms are sold through independent wholesale distributors, principally to the commercial sporting market. The Company manufactures firearm products under the Ruger name. The Company also manufactures and sells accessories and replacement parts for its firearms.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of STURM RUGER & COMPANY INC
Full Guru Analysis for RGR
Full Factor Report for RGR
NVR, INC. (NVR) is a large-cap growth stock in the Construction Services industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: NVR, Inc. is engaged in the construction and sale of single-family detached homes, townhomes and condominium buildings. The Company's segments are Homebuilding Mid Atlantic, Homebuilding North East, Homebuilding Mid East, Homebuilding South East and Mortgage Banking. Its Homebuilding Mid Atlantic segment operates in various geographic regions, which include Maryland, Virginia, West Virginia, Delaware and Washington, District of Columbia (D.C.). Its Homebuilding North East segment operates in various geographic regions, which include New Jersey and Eastern Pennsylvania. Its Homebuilding Mid East segment operates in various geographic regions, which include New York, Ohio, Indiana and Illinois, The Homebuilding South East segment operates in various geographic regions, which include North Carolina, South Carolina, Florida and Tennessee. The Mortgage Banking segment provides mortgage-related services to home building customers through its mortgage banking operations.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: FAIL
INSIDER TRANSACTIONS: PASS
Detailed Analysis of NVR, INC.
Full Guru Analysis for NVR
Full Factor Report for NVR
OLD DOMINION FREIGHT LINE INC (ODFL) is a large-cap growth stock in the Trucking industry. The rating according to our strategy based on Martin Zweig changed from 82% to 89% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Old Dominion Freight Line, Inc. is a North American less-than-truckload (LTL) motor carrier's company. The Company provide regional, inter-regional and national LTL services through a single integrated, union-free organization union-free motor carrier. Its service offerings include expedited transportation, which are provided through a network of service centers located throughout the continental United States. It also provides LTL services throughout North America. In addition to its core LTL services, it offers a range of value-added services including container drayage, truckload brokerage and supply chain consulting. Its service centers are responsible for the pickup and delivery of freight within their local service area. Its network includes breakbulk facilities located in Atlanta, Georgia; Columbus, Ohio; Indianapolis, Indiana; Greensboro, North Carolina; Harrisburg, Pennsylvania; Memphis and Morristown, Tennessee; Dallas, Texas; and Salt Lake City, Utah.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of OLD DOMINION FREIGHT LINE INC
Full Guru Analysis for ODFL
Full Factor Report for ODFL
PULTEGROUP, INC. (PHM) is a large-cap value stock in the Construction Services industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: PulteGroup, Inc. is a homebuilder in the United States. The Company's segments include Homebuilding and Financial Services. Its Homebuilding operations are engaged in the acquisition and development of land primarily for residential purposes within the United States and the construction of housing on such land. Its Financial Services operations consist principally of mortgage banking and title operations. The Company conducts its financial services business, through Pulte Mortgage LLC (Pulte Mortgage) and other subsidiaries. Pulte Mortgage arranges financing through the origination of mortgage loans. The Company's subsidiaries are engaged in the homebuilding business. It offers a product line to meet the needs of homebuyers in its focused markets. Through its brands, which include Centex, Pulte Homes, Del Webb, DiVosta Homes, and John Wieland Homes and Neighborhoods, the Company offers a range of home designs, including single-family detached, townhouses, condominiums and duplexes.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of PULTEGROUP, INC.
Full Guru Analysis for PHM
Full Factor Report for PHM
MERITAGE HOMES CORP (MTH) is a mid-cap value stock in the Construction Services industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Meritage Homes Corporation operates as a holding company. The Company is a designer and builder of single-family homes. The Company operates through two segments: homebuilding and financial services. The homebuilding segment is engaged in the business of acquiring and developing land, constructing homes, marketing and selling those homes, and providing warranty and customer services. It builds homes in the regions of the United States and offers a range of homes that are designed for a range of homebuyers, including first-time, move-up, active adult and luxury. As of December 31, 2016, it had homebuilding operations in three regions: West, Central and East, which were consisted of nine states: Arizona, California, Colorado, Texas, Florida, Georgia, North Carolina, South Carolina and Tennessee. It also operates Carefree Title Agency, Inc. (Carefree Title) company. Carefree Title's core business includes title insurance and closing/settlement services it offers to its homebuyers.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of MERITAGE HOMES CORP
Full Guru Analysis for MTH
Full Factor Report for MTH
M.D.C. HOLDINGS, INC. (MDC) is a mid-cap value stock in the Construction Services industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: M.D.C. Holdings, Inc. is engaged in two primary operations, including homebuilding and financial services. The Company's segments include West, including segments located in Arizona, California, Nevada and Washington; Mountain, including segments located in Colorado and Utah; East, including segments located in Virginia, Florida and Maryland, which includes Pennsylvania and New Jersey; mortgage operations, including HomeAmerican Mortgage Corporation, and Other, which includes Allegiant Insurance Company, Inc., StarAmerican Insurance Ltd., American Home Insurance Agency, Inc. and American Home Title and Escrow Company. The homebuilding operations consist of subsidiary companies that purchases finished lots or develop lots necessary for the construction and sale of single-family detached homes to first-time and first-time move-up homebuyers under the name Richmond American Homes. It also includes land acquisition and development, home construction, and sales and marketing.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: FAIL
INSIDER TRANSACTIONS: PASS
Detailed Analysis of M.D.C. HOLDINGS, INC.
Full Guru Analysis for MDC
Full Factor Report for MDC
JOHNSON OUTDOORS INC. (JOUT) is a small-cap value stock in the Recreational Products industry. The rating according to our strategy based on Martin Zweig changed from 85% to 92% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Johnson Outdoors Inc. is a manufacturer and marketer of branded seasonal, outdoor recreation products. The Company operates through four segments: Marine Electronics, Outdoor Equipment, Watercraft and Diving. Its Marine Electronics segment's brands are Minn Kota, Humminbird and Cannon. Its Outdoor Equipment segment's brands are Eureka!, Jetboil and Silva. Its Watercraft segment designs and markets Necky sea touring kayaks; sit on top Ocean Kayaks, and Old Town canoes and kayaks for family recreation, touring, angling and tripping. The Company manufactures and markets underwater diving products for recreational divers, which it sells and distributes under the SCUBAPRO brand name. It markets a line of underwater diving and snorkeling equipment, including regulators, buoyancy compensators, dive computers and gauges, wetsuits, masks, fins, snorkels and accessories. The Company's products are used for fishing from a boat, diving, paddling, hiking and camping.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of JOHNSON OUTDOORS INC.
Full Guru Analysis for JOUT
Full Factor Report for JOUT
INSTEEL INDUSTRIES INC (IIIN) is a small-cap value stock in the Misc. Fabricated Products industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Insteel Industries, Inc. is a manufacturer of steel wire reinforcing products for concrete construction applications. The Company's operations are focused on the manufacture and marketing of steel wire reinforcing products for concrete construction applications. Its concrete reinforcing products consist of two product lines: prestressed concrete strand (PC strand) and welded wire reinforcement (WWR). PC strand is a seven-wire strand that is used to impart compression forces into precast concrete elements and structures, providing reinforcement for bridges, parking decks, buildings and other concrete structures. WWR is produced as an engineered reinforcing product for use in nonresidential and residential construction. Its products are sold primarily to manufacturers of concrete products that are used in nonresidential construction. The Company sells its products nationwide across the United States, Canada, Mexico, and Central and South America.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: FAIL
TOTAL DEBT/EQUITY RATIO: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of INSTEEL INDUSTRIES INC
Full Guru Analysis for IIIN
Full Factor Report for IIIN
INVESTORS TITLE COMPANY (ITIC) is a small-cap value stock in the Insurance (Prop. & Casualty) industry. The rating according to our strategy based on Martin Zweig changed from 82% to 89% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Investors Title Company is an insurance holding company. The Company, through its subsidiaries, Investors Title Insurance Company (ITIC) and National Investors Title Insurance Company (NITIC), is engaged in issuance of residential and commercial title insurance, Investors Title Insurance Company (ITIC) and National Investors Title Insurance Company (NITIC). The Company also provides tax-deferred real property exchange services through its subsidiaries, Investors Title Exchange Corporation (ITEC) and Investors Title Accommodation Corporation (ITAC); investment management and trust services to individuals, trusts and other entities through its subsidiary, Investors Trust Company (Investors Trust), and management services to title insurance agencies through its subsidiary, Investors Title Management Services (ITMS). In addition, the Company operates in the issuance of residential and commercial title insurance through ITIC and NITIC segment.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: FAIL
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of INVESTORS TITLE COMPANY
Full Guru Analysis for ITIC
Full Factor Report for ITIC
More details on Validea's Martin Zweig strategy
About Martin Zweig: During the 15 years that it was monitored, Zweig's stock recommendation newsletter returned an average of 15.9 percent per year, during which time it was ranked number one based on risk-adjusted returns by Hulbert Financial Digest. Zweig has managed both mutual and hedge funds during his career, and he's put the fortune he's compiled to some interesting uses. He has owned what Forbes reported was the most expensive apartment in New York, a $70 million penthouse that sits atop Manhattan's Pierre Hotel, and he is a collector of all sorts of pop culture and historical memorabilia -- among his purchases are the gun used by Clint Eastwood in "Dirty Harry", a stock certificate signed by Commodore Vanderbilt, and even two old-fashioned gas pumps similar to those he'd seen at a nearby gas station while growing up in Cleveland, according to published reports.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Detailed Analysis of ARES CAPITAL CORPORATION Full Guru Analysis for ARCC Full Factor Report for ARCC AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. Detailed Analysis of AMERIS BANCORP Full Guru Analysis for ABCB Full Factor Report for ABCB BCB BANCORP, INC. (BCBP) is a small-cap value stock in the Regional Banks industry. The Company produces spacecraft, instruments and sensors, radio frequency systems and components, data exploitation solutions and a range of advanced technologies and products that enable weather prediction and climate change monitoring. | Detailed Analysis of ARES CAPITAL CORPORATION Full Guru Analysis for ARCC Full Factor Report for ARCC AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. Detailed Analysis of AMERIS BANCORP Full Guru Analysis for ABCB Full Factor Report for ABCB BCB BANCORP, INC. (BCBP) is a small-cap value stock in the Regional Banks industry. The Bank offers loans, including commercial and multi-family real estate loans, one-to four-family mortgage loans, home equity loans, construction loans, consumer loans and commercial business loans; FDIC-insured deposit products, such as savings and club accounts, interest and non-interest bearing demand accounts, money market accounts, certificates of deposit and individual retirement accounts, and retail and commercial banking services, including wire transfers, money orders, safe deposit boxes, a night depository, debit cards, online banking, mobile banking, gift cards and fraud detection (positive pay). | Detailed Analysis of ARES CAPITAL CORPORATION Full Guru Analysis for ARCC Full Factor Report for ARCC AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. Detailed Analysis of AMERIS BANCORP Full Guru Analysis for ABCB Full Factor Report for ABCB BCB BANCORP, INC. (BCBP) is a small-cap value stock in the Regional Banks industry. The Company serves the Quad Cities, Cedar Rapids, Waterloo/Cedar Falls, Des Moines/Ankeny and Rockford communities through its banking subsidiaries, Quad City Bank and Trust Company (QCBT), Cedar Rapids Bank and Trust Company (CRBT), Community State Bank (CSB), and Guaranty Bank and Trust Company, which provide full-service commercial and consumer banking and trust and asset management services. | Detailed Analysis of ARES CAPITAL CORPORATION Full Guru Analysis for ARCC Full Factor Report for ARCC AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. Detailed Analysis of AMERIS BANCORP Full Guru Analysis for ABCB Full Factor Report for ABCB BCB BANCORP, INC. (BCBP) is a small-cap value stock in the Regional Banks industry. The Company operates through banking segment. |
27776.0 | 2021-09-02 00:00:00 UTC | Bahrain's Ahli United Bank launches $600 million senior sukuk | ABCB | https://www.nasdaq.com/articles/bahrains-ahli-united-bank-launches-%24600-million-senior-sukuk-2021-09-02 | nan | nan | Updates with size, launch, final spread, demand
DUBAI, Sept 2 (Reuters) - Bahrain-headquartered Ahli United Bank AUBB.BHsold $600 million in five-year sukuk, or Islamic bonds, at 175 basis points over mid-swaps, a document showed on Thursday.
The spread was tightened from initial price guidance of around 200 basis points over mid-swaps after the sukuk drew more than $1.3 billion in orders, the document from one of the banks on the deal reviewed by Reuters showed.
Bank ABC ABCB.BH, HSBC HSBA.L, Dubai Islamic Bank DISB.DU, JPMorgan JPM.N, Kamco Invest KAMC.KW, KFH Capital KFH.KW, Kuwait International Bank KIBK.KW and Mashreq MASB.DU are arranging the deal.
(Reporting by Yousef Saba; Editing by Uttaresh.V and Edmund Blair)
((Yousef.Saba@thomsonreuters.com; +971562166204; https://twitter.com/YousefSaba))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Bank ABC ABCB.BH, HSBC HSBA.L, Dubai Islamic Bank DISB.DU, JPMorgan JPM.N, Kamco Invest KAMC.KW, KFH Capital KFH.KW, Kuwait International Bank KIBK.KW and Mashreq MASB.DU are arranging the deal. Updates with size, launch, final spread, demand DUBAI, Sept 2 (Reuters) - Bahrain-headquartered Ahli United Bank AUBB.BHsold $600 million in five-year sukuk, or Islamic bonds, at 175 basis points over mid-swaps, a document showed on Thursday. The spread was tightened from initial price guidance of around 200 basis points over mid-swaps after the sukuk drew more than $1.3 billion in orders, the document from one of the banks on the deal reviewed by Reuters showed. | Bank ABC ABCB.BH, HSBC HSBA.L, Dubai Islamic Bank DISB.DU, JPMorgan JPM.N, Kamco Invest KAMC.KW, KFH Capital KFH.KW, Kuwait International Bank KIBK.KW and Mashreq MASB.DU are arranging the deal. Updates with size, launch, final spread, demand DUBAI, Sept 2 (Reuters) - Bahrain-headquartered Ahli United Bank AUBB.BHsold $600 million in five-year sukuk, or Islamic bonds, at 175 basis points over mid-swaps, a document showed on Thursday. The spread was tightened from initial price guidance of around 200 basis points over mid-swaps after the sukuk drew more than $1.3 billion in orders, the document from one of the banks on the deal reviewed by Reuters showed. | Bank ABC ABCB.BH, HSBC HSBA.L, Dubai Islamic Bank DISB.DU, JPMorgan JPM.N, Kamco Invest KAMC.KW, KFH Capital KFH.KW, Kuwait International Bank KIBK.KW and Mashreq MASB.DU are arranging the deal. Updates with size, launch, final spread, demand DUBAI, Sept 2 (Reuters) - Bahrain-headquartered Ahli United Bank AUBB.BHsold $600 million in five-year sukuk, or Islamic bonds, at 175 basis points over mid-swaps, a document showed on Thursday. (Reporting by Yousef Saba; Editing by Uttaresh.V and Edmund Blair) ((Yousef.Saba@thomsonreuters.com; +971562166204; https://twitter.com/YousefSaba)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Bank ABC ABCB.BH, HSBC HSBA.L, Dubai Islamic Bank DISB.DU, JPMorgan JPM.N, Kamco Invest KAMC.KW, KFH Capital KFH.KW, Kuwait International Bank KIBK.KW and Mashreq MASB.DU are arranging the deal. Updates with size, launch, final spread, demand DUBAI, Sept 2 (Reuters) - Bahrain-headquartered Ahli United Bank AUBB.BHsold $600 million in five-year sukuk, or Islamic bonds, at 175 basis points over mid-swaps, a document showed on Thursday. The spread was tightened from initial price guidance of around 200 basis points over mid-swaps after the sukuk drew more than $1.3 billion in orders, the document from one of the banks on the deal reviewed by Reuters showed. |
27777.0 | 2021-08-27 00:00:00 UTC | Validea Joseph Piotroski Strategy Daily Upgrade Report - 8/27/2021 | ABCB | https://www.nasdaq.com/articles/validea-joseph-piotroski-strategy-daily-upgrade-report-8-27-2021-2021-08-27 | nan | nan | The following are today's upgrades for Validea's Book/Market Investor model based on the published strategy of Joseph Piotroski. This value-quant strategy screens for high book-to-market stocks, and then separates out financially sound firms by looking at a host of improving financial criteria.
AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. The rating according to our strategy based on Joseph Piotroski changed from 0% to 80% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Ameris Bancorp is a financial holding company. The Company's business is conducted through its banking subsidiary, Ameris Bank (the Bank), which provides a range of banking services to its retail and commercial customers. The Company operates through four segments: the Banking Division, the Retail Mortgage Division, the Warehouse Lending Division and the SBA Division. The Banking Division is engaged in the delivery of financial services, which include commercial loans, consumer loans and deposit accounts. The Retail Mortgage Division is engaged in the origination, sales and servicing of one- to four-family residential mortgage loans. The Warehouse Lending Division is engaged in the origination and servicing of warehouse lines to other businesses that are secured by underlying one- to four-family residential mortgage loans. The SBA Division is engaged in the origination, sales and servicing of small business administration (SBA) loans.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
BOOK/MARKET RATIO: PASS
RETURN ON ASSETS: PASS
CHANGE IN RETURN ON ASSETS: PASS
CASH FLOW FROM OPERATIONS: PASS
CASH COMPARED TO NET INCOME: PASS
CHANGE IN LONG TERM DEBT/ASSETS PASS
CHANGE IN CURRENT RATIO: FAIL
CHANGE IN SHARES OUTSTANDING: PASS
CHANGE IN GROSS MARGIN: FAIL
CHANGE IN ASSET TURNOVER: PASS
Detailed Analysis of AMERIS BANCORP
Full Guru Analysis for ABCB
Full Factor Report for ABCB
More details on Validea's Joseph Piotroski strategy
About Joseph Piotroski: Piotroski isn't your typical Wall Street big shot. In fact, he's not even a professional investor. He's a good old numbers-crunching accountant and college professor. But in 2000, shortly after he started teaching at the University of Chicago's Graduate School of Business, Piotroski published a groundbreaking paper in the Journal of Accounting Research entitled "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers". In it, Piotroski laid out an accounting-based stock-selection/shorting method that produced a 23 percent average annual back-tested return from 1976 through 1996 -- more than double the S&P 500's gain during that time. Piotroski's findings were reported in major financial publiations like SmartMoney. Today, he teaches accounting at Stanford University's Graduate School of Business.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. Detailed Analysis of AMERIS BANCORP Full Guru Analysis for ABCB Full Factor Report for ABCB More details on Validea's Joseph Piotroski strategy About Joseph Piotroski: Piotroski isn't your typical Wall Street big shot. But in 2000, shortly after he started teaching at the University of Chicago's Graduate School of Business, Piotroski published a groundbreaking paper in the Journal of Accounting Research entitled "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers". | Detailed Analysis of AMERIS BANCORP Full Guru Analysis for ABCB Full Factor Report for ABCB More details on Validea's Joseph Piotroski strategy About Joseph Piotroski: Piotroski isn't your typical Wall Street big shot. AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. The Retail Mortgage Division is engaged in the origination, sales and servicing of one- to four-family residential mortgage loans. | Detailed Analysis of AMERIS BANCORP Full Guru Analysis for ABCB Full Factor Report for ABCB More details on Validea's Joseph Piotroski strategy About Joseph Piotroski: Piotroski isn't your typical Wall Street big shot. AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. The Company's business is conducted through its banking subsidiary, Ameris Bank (the Bank), which provides a range of banking services to its retail and commercial customers. | Detailed Analysis of AMERIS BANCORP Full Guru Analysis for ABCB Full Factor Report for ABCB More details on Validea's Joseph Piotroski strategy About Joseph Piotroski: Piotroski isn't your typical Wall Street big shot. AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. The following are today's upgrades for Validea's Book/Market Investor model based on the published strategy of Joseph Piotroski. |
27778.0 | 2021-08-11 00:00:00 UTC | Bahrain's ABC triples Egypt market share with BLOM unit takeover | ABCB | https://www.nasdaq.com/articles/bahrains-abc-triples-egypt-market-share-with-blom-unit-takeover-2021-08-11 | nan | nan | DUBAI, Aug 11 (Reuters) - Bahrain's Arab Banking Corp ABCB.BH has completed the acquisition of a 99.5% stake in the Egyptian unit of Lebanon's BLOM Bank BLOM.BY, which will allow ABC to triple its market share and balance sheet in Egypt.
The announcement followed the successful completion of ABC's mandatory tender offer for BlOM's Egyptian unit for $425 million, commanding a 1.37 times book value at the end of the first quarter, it said in a statement on Wednesday.
"Egypt is a burgeoning market in the Middle East with huge future potential," ABC's Group Chief Executive Khaled Kawan said in a statement.
He said the bank planned to introduce digital and mobile banking services that it has introduced in its other markets.
Both banks will operate as separate entities until the legal merger is completed after regulatory approval. The deal is expected to conclude in the first quarter of 2022.
Lebanese banks have sold assets abroad to raise capital as the country's financial crisis has paralysed its banks, sunk the currency and fuelled poverty and unemployment.
First Abu Dhabi Bank FAB.AD in January agreed to buy the Egyptian business of Lebanon's Bank Audi AUDI.BY in a deal which will make the largest lender in the UAE also one of the biggest foreign banks in Egypt.
(Reporting by Saeed Azhar; editing by David Evans)
((Saeed.Azhar@thomsonreuters.com; +971 44536787; Reuters Messaging: saeed.azhar.reuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | DUBAI, Aug 11 (Reuters) - Bahrain's Arab Banking Corp ABCB.BH has completed the acquisition of a 99.5% stake in the Egyptian unit of Lebanon's BLOM Bank BLOM.BY, which will allow ABC to triple its market share and balance sheet in Egypt. The announcement followed the successful completion of ABC's mandatory tender offer for BlOM's Egyptian unit for $425 million, commanding a 1.37 times book value at the end of the first quarter, it said in a statement on Wednesday. "Egypt is a burgeoning market in the Middle East with huge future potential," ABC's Group Chief Executive Khaled Kawan said in a statement. | DUBAI, Aug 11 (Reuters) - Bahrain's Arab Banking Corp ABCB.BH has completed the acquisition of a 99.5% stake in the Egyptian unit of Lebanon's BLOM Bank BLOM.BY, which will allow ABC to triple its market share and balance sheet in Egypt. The announcement followed the successful completion of ABC's mandatory tender offer for BlOM's Egyptian unit for $425 million, commanding a 1.37 times book value at the end of the first quarter, it said in a statement on Wednesday. First Abu Dhabi Bank FAB.AD in January agreed to buy the Egyptian business of Lebanon's Bank Audi AUDI.BY in a deal which will make the largest lender in the UAE also one of the biggest foreign banks in Egypt. | DUBAI, Aug 11 (Reuters) - Bahrain's Arab Banking Corp ABCB.BH has completed the acquisition of a 99.5% stake in the Egyptian unit of Lebanon's BLOM Bank BLOM.BY, which will allow ABC to triple its market share and balance sheet in Egypt. He said the bank planned to introduce digital and mobile banking services that it has introduced in its other markets. First Abu Dhabi Bank FAB.AD in January agreed to buy the Egyptian business of Lebanon's Bank Audi AUDI.BY in a deal which will make the largest lender in the UAE also one of the biggest foreign banks in Egypt. | DUBAI, Aug 11 (Reuters) - Bahrain's Arab Banking Corp ABCB.BH has completed the acquisition of a 99.5% stake in the Egyptian unit of Lebanon's BLOM Bank BLOM.BY, which will allow ABC to triple its market share and balance sheet in Egypt. "Egypt is a burgeoning market in the Middle East with huge future potential," ABC's Group Chief Executive Khaled Kawan said in a statement. He said the bank planned to introduce digital and mobile banking services that it has introduced in its other markets. |
27779.0 | 2021-07-30 00:00:00 UTC | Trade Alert: The CEO & Director Of Ameris Bancorp (NASDAQ:ABCB), H. Proctor, Has Just Spent US$117k Buying A Few More Shares | ABCB | https://www.nasdaq.com/articles/trade-alert%3A-the-ceo-director-of-ameris-bancorp-nasdaq%3Aabcb-h.-proctor-has-just-spent-us | nan | nan | Potential Ameris Bancorp (NASDAQ:ABCB) shareholders may wish to note that the CEO & Director, H. Proctor, recently bought US$117k worth of stock, paying US$46.71 for each share. However, it only increased shareholding by a small percentage, and it wasn't a huge purchase by absolute value, either.
Ameris Bancorp Insider Transactions Over The Last Year
The Independent Director, Robert Ezzell, made the biggest insider sale in the last 12 months. That single transaction was for US$570k worth of shares at a price of US$56.97 each. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The good news is that this large sale was at well above current price of US$49.13. So it may not tell us anything about how insiders feel about the current share price.
In the last twelve months insiders purchased 4.00k shares for US$152k. But insiders sold 16.00k shares worth US$832k. Over the last year we saw more insider selling of Ameris Bancorp shares, than buying. The average sell price was around US$52.01. It's not particularly great to see insiders were selling shares at below recent prices. Of course, the sales could be motivated for a multitude of reasons, so we shouldn't jump to conclusions. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
NasdaqGS:ABCB Insider Trading Volume July 30th 2021
I will like Ameris Bancorp better if I see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.
Insider Ownership
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. Ameris Bancorp insiders own 5.5% of the company, currently worth about US$188m based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
So What Do The Ameris Bancorp Insider Transactions Indicate?
The insider sales have outweighed the insider buying, at Ameris Bancorp, in the last three months. And our longer term analysis of insider transactions didn't bring confidence, either. On the plus side, Ameris Bancorp makes money, and is growing profits. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Ameris Bancorp. For instance, we've identified 2 warning signs for Ameris Bancorp (1 doesn't sit too well with us) you should be aware of.
Of course Ameris Bancorp may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Potential Ameris Bancorp (NASDAQ:ABCB) shareholders may wish to note that the CEO & Director, H. Proctor, recently bought US$117k worth of stock, paying US$46.71 for each share. NasdaqGS:ABCB Insider Trading Volume July 30th 2021 I will like Ameris Bancorp better if I see some big insider buys. Ameris Bancorp insiders own 5.5% of the company, currently worth about US$188m based on the recent share price. | Potential Ameris Bancorp (NASDAQ:ABCB) shareholders may wish to note that the CEO & Director, H. Proctor, recently bought US$117k worth of stock, paying US$46.71 for each share. NasdaqGS:ABCB Insider Trading Volume July 30th 2021 I will like Ameris Bancorp better if I see some big insider buys. Over the last year we saw more insider selling of Ameris Bancorp shares, than buying. | Potential Ameris Bancorp (NASDAQ:ABCB) shareholders may wish to note that the CEO & Director, H. Proctor, recently bought US$117k worth of stock, paying US$46.71 for each share. NasdaqGS:ABCB Insider Trading Volume July 30th 2021 I will like Ameris Bancorp better if I see some big insider buys. Ameris Bancorp Insider Transactions Over The Last Year The Independent Director, Robert Ezzell, made the biggest insider sale in the last 12 months. | Potential Ameris Bancorp (NASDAQ:ABCB) shareholders may wish to note that the CEO & Director, H. Proctor, recently bought US$117k worth of stock, paying US$46.71 for each share. NasdaqGS:ABCB Insider Trading Volume July 30th 2021 I will like Ameris Bancorp better if I see some big insider buys. Over the last year we saw more insider selling of Ameris Bancorp shares, than buying. |
27780.0 | 2021-07-23 00:00:00 UTC | Ameris Bancorp (ABCB) Q2 2021 Earnings Call Transcript | ABCB | https://www.nasdaq.com/articles/ameris-bancorp-abcb-q2-2021-earnings-call-transcript-2021-07-23 | nan | nan | Image source: The Motley Fool.
Ameris Bancorp (NASDAQ: ABCB)
Q2 2021 Earnings Call
Jul 23, 2021, 9:00 a.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Good day and welcome to the Ameris Bank Second Quarter Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] Please note this event is being recorded. I would now like to turn the conference over to Nicole Stokes, please go ahead.
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Nicole S. Stokes -- Corporate Executive Vice President and Chief Financial Officer
Great, thank you, Vaish and thank you to all who have joined our call today. During the call, we will be referencing the press release and the financial highlights that are available on the Investor Relations section of our website at amerisbank.com. I'm joined today by Palmer Proctor, our CEO and Jon Edwards, our Chief Credit Officer. Palmer will begin with some opening general comments and then I will discuss the details of our financial results before we open it up for Q&A.
But before we begin, I'll remind you that our comments may include forward-looking statements. These statements are subject to risks and uncertainties. The actual results could vary materially. We will list some of the factors that might cause results to differ in our press release and in our SEC filings, which are available on our website. We do not assume any obligation to update any forward-looking statements as a result of new information, early developments or otherwise, except as required by law.
Also during the call, we will discuss certain non-GAAP financial measures in reference to the company's performance. You can see our reconciliation of these measures and GAAP financial measures in the appendix to our presentation. And with that, I'll turn it over to Palmer for opening comments.
H. Palmer Proctor -- Chief Executive Officer
Thank you, Nicole and thank you to everyone who's joined our call today. I'm excited to share with you our second quarter results. In fact, I was actually more impressed with our team's results this quarter and the record earnings we posted in the first quarter and here's why.
One of the big questions and a very legitimate question for many of our ABCB stockholders and stakeholders was what happens when mortgage revenue normalizes for the bank. And this quarter shows you exactly what happens when mortgage revenue moderates. This quarter reflects the purposeful and deliberate actions Ameris teammates have taken to reduce expenses associated with the decline in mortgage revenue.
It's also very reflective of the investments we made in top talent in many of our other core lending areas of the company and also reflects the meaningful pipeline and relationships we continue to build, which results in really strong second quarter results as we're reporting net income of $88 million or $1.25 per diluted share on an adjusted basis and this represents a 1.63% return on average assets and a 19.46% return on tangible equity.
Our adjusted efficiency ratio actually improved from the first [Phonetic] quarter to 54.62% reported in the first quarter to this quarter's 54.07%. As you may recall, we reversed $28.6 million of provision for loan loss expense last quarter. In this quarter, we had just a minimal provision expense due to the positive loan growth we'll talk about.
And speaking to loan growth, it was an incredible quarter that we had and when you look at our annualized net loan growth, it was right at 5% for the quarter, net of PPP and our indirect run-off and we still expect to deliver on mid-to-upper single digit loan growth for the year as we look at our pipelines and the opportunities in all of our growth markets.
The area I was most excited about was the $100 million of growth we had in C&I and you'll be able to see this on our slide deck on Page 16 and Nicole is going to discuss the excess liquidity and the impact to our margin in more details in a few minutes, but I did want to mention the continued deposit growth for this quarter too.
Our growth in non-interest bearing deposits continued to outpace the growth of total deposits and they are now approaching 40% of total deposits, which is very impressive and I emphasize this because when rates start moving back up and some of the excess liquidity runs off, I think that's the time you're going to find out from the real leaders or who the real leaders are in our industry in terms of who took the opportunity to grow core funding during this time and we'll certainly be a standout there.
On the capital side of the balance sheet, our capital position remains strong. We've consistently said we're focused on growing tangible book and that's exactly what we did this quarter. We saw growth in both TCE and tangible book value. We grew tangible book value by $1.18 per share or 4.7% during the second quarter. We've also grown tangible book value by $2.76 or over 11% for the year so far and this equates to over 20% annualized growth for tangible book value.
Our TCE ratio increased to 8.83%, which is very close to our 9% goal and if you exclude the $2.5 billion of excess liquidity on our balance sheet, the TCE ratio would have been over 10%. We clearly have the capital to support our growth initiatives and to consider opportunistic transactions as we go forward. Jon Edwards, our Chief Credit Officer, is with us today and he is available to take any questions after our prepared remarks, but I did want to hit a few highlights in terms of credit.
Our non-performing assets as a percent of total assets improved to 32 basis points compared to 40 basis points last quarter and 59 basis points last year. Loans that remain on deferral at the end of the quarter were approximately 1.2% of total loans, which is down from approximately 19% of total loans this time last year. Our allowance coverage ratio excluding unfunded commitments was 1.23%, net of our PPP loans at the end of the quarter.
In terms of COVID, a quick update here, July 6 was our official back to the office date. All of our branches are opened and all of our staff including support and administrative staff are back to the office. Some of that in a new hybrid approach, but we're adapting well and our teams are really excited to have a new sense of normalcy. As I mentioned last quarter, most business are back open, traffic jams are back to normal and restaurants and wait times and new restaurants are actually opening. So things are definitely getting back to normal in the Southeast and we certainly expect to benefit and capitalize from that.
A quick update on PPP, we continue to see forgiveness in round one during the quarter and we started receiving forgiveness funds on round two in June. We've got approximately $126 million left of the $1.1 billion that we loaned out in round one and we have about $362 million left of the $409 million from round two. There is about $22 million of deferred revenue remaining on PPP for us.
And one last comment I wanted to make. I'm very proud to announce that we published our first Corporate Social Responsibility Report in May, which was in accordance with the Sustainability Accounting Standards Board and the Task Force on Climate-Related Financial Disclosures and a shout out to our entire team. There is a lot of thought and a lot of actions and hard work that went into this report and I'm really pleased and proud of the way it came out and I hope you all take a minute to look at it, but I'll stop there now and turn it over to Nicole to discuss our financial results in more detail.
Nicole S. Stokes -- Corporate Executive Vice President and Chief Financial Officer
Great, thank you, Palmer. As you stated, for the second quarter, we're reporting net income of $88.3 million or $1.27 per diluted share. On an adjusted basis, we earned $87.5 million or $1.25 per diluted share and that's really excluding the small recovery on the servicing asset impairment and a gain on sale of premises this quarter.
We're pleased with our operating ratios. Our adjusted ROA in the second quarter was 1.63% and for the year it's 1.94%. Our adjusted return on tangible common equity was 19.46% for the quarter and 23.41% for the year-to-date. As Palmer mentioned, our tangible book value increased by $1.18 or 4.7% from $25.27 to $26.45 during the quarter. For the year-over-year, tangible book value has increased $5.55 or 26.6% from $20.90 this time last year. In addition, our tangible common equity ratio increased 21 basis points this quarter to 8.83% from 8.62% at the end of the first quarter and it's increased 113 basis points over the past year from 7.70% this time last year.
The approximate $2.5 billion of excess liquidity on our balance sheet negatively impacted this ratio by 120 basis points. So excluding that cash from total assets, our TCE ratio would have been approximately 10.03% at quarter-end, which is well above our stated target of 9%. So we continue to be well capitalized and we feel comfortable with our capital and our dividend level.
Talking a little bit on margin, our net interest margin declined 23 basis points from 3.57% to 3.34% during the quarter. Our yield on earning assets declined by 27 basis points while our total funding cost decreased 4 basis points. We did a description of this on Slide 8, you can see the 27 basis point decline was attributable to several unusual factors.
We had 8 basis points of compression from the $4 million decline in PPP income. We had 5 basis points from the almost $2 million or $1.7 million of accretion income decline. We had 5 basis points kind of a bump last quarter that was a non-recurring revenue related to the sale of our consumer portfolio. We had 4 basis points due to the continued growth in excess liquidity and then we really came down to 5 final basis points due to true loan yield compression. That was 2 basis points in mortgage, 1 basis point in held for sale, and 2 basis points of true commercial bank loan yield compression.
So my point here is that true loan yield compression was really 5 basis points and we had the 4 basis points of funding costs during the quarter. Also added to Slide 8, you can see the impact that, that $2.5 billion of excess liquidity had on our margin and how it accounts for 36 basis points of the total negative margin compression from one year ago. We're focused on our deposit costs and we continue to grind them down. We still have some room for improvement in the CD portfolio, but the real driver to an improving margin going forward is putting that excess liquidity to work, which we anticipate occurring over the next three quarters.
As Palmer mentioned as well, we had a small provision for loan loss expense of about $142,000 compared to that $28.6 million reversal last quarter. The continued economic conditions specifically unemployment, GDP, and CRE index and our own improved credit quality this quarter helped offset the need for additional provisions on our loan growth.
Our ending allowance for loan loss of $175.1 million compared to just $178.6 million at the end of last quarter and $208.8 million at the end of second quarter last year, which was in the middle of the pandemic and our heightened deferral. So including the unfunded commitment reserve and allowance for credit losses for other credit losses, our total allowance was $197.8 million at quarter-end compared with $200.2 million at the end of last quarter.
Moving on to non-interest income. So, as expected, our non-interest income declined this quarter and it really was due to the decreases in mortgage banking. Excluding the $9.7 million recovery last quarter and the $749,000 recovery this quarter, our mortgage income declined about $19.3 million and there's really two factors contributing to the decline in revenue. It was both production and gain on sale margins.
As you can see, we put in a new Slide 11, which really has some information on mortgage, but as you can see on that slide, production in the retail mortgage group declined 9% to $2.4 billion this quarter from $2.6 billion last quarter and it's important to note here that total non-interest expense also declined 9% or $5.6 million in the retail mortgage division.
In addition to that production that's going to drive those reductions in variable costs, we also saw the average gain on sale decrease back to normal levels. It decreased to 2.77% compared to elevated 3.95% last quarter. We really don't anticipate further decline in the gain on sale margins. The open pipeline at the end of the second quarter was $1.7 billion compared to $2.3 billion at the end of last quarter and we do believe that there is further reductions in non-interest expense if production continues to decline.
As we previously stated, we stated we had a large amount of our expenses are variable costs and we designed that in our mortgage group. Total non-interest expense for the company declined by $13 million from $148.8 million last quarter to $135.8 million this quarter. As I just mentioned, mortgage expenses declined almost $6 million during the quarter and an additional $6.5 million reduction was seen in the banking division, which includes the enterprisewide service and support staff. We continue to look for ways to become more efficient and we continuously monitor the efficiency ratio by division.
On that note, our adjusted efficiency ratio improved slightly this quarter to 54.07% from 54.62% last quarter. I previously guided for the efficiency ratio to stabilize in the 53% to 55% range because we did not anticipate that previous level of mortgage revenue and efficiency to be sustainable. So I think a 54.07% is right in the middle of that range as we saw mortgage stabilize. And then also reminder this quarter we saw the gain on sale margin which doesn't affect the variable cost fell back to normal levels and we still saw that improvement in our efficiency ratio.
On the balance sheet side, we ended the quarter with assets of $21.9 billion compared to $21.4 billion at the end of last quarter. We were pleased with our organic loan growth of $181 million or 5% annualized for the second quarter. As you can see on Slide 16, we had about -- we had $473 million of headwind against the $655 million growth in CRE, C&I, premium finance, and residential. PPP loans declined $304 million and indirect loans declined $85 million. We have approximately $488 million of PPP loans left and we have $397 million of indirect loans left with us. We anticipate the headwinds from run-off in both of these portfolios to really subside early next year.
And a few extra details on PPP. We've received payments and forgiveness of approximately $975 million on round one leaving the outstanding balance at $126 million and we now have the new round two balance at $362 million. The average balance of PPP loans in the second quarter was $708.5 million compared to an average balance in the first quarter of $764.9 million. We have about $22.3 million left of deferred income on the PPP loans. That's $2.2 million on round one and $20.1 million on round two and again, we anticipate amortizing that into income over the next year, if not sooner.
We already discussed the excess liquidity you can see in other earning assets on the balance sheet due to our tremendous deposit growth that we've seen over the past few quarters, but again this quarter, we grew $382 million this quarter in deposits and 46% of that growth was in non-interest bearing. I sound like a broken record, but we really do anticipate some deposit run-off as lives get back to normal post pandemic and as rates potentially rise. We continue to anticipate net loan growth, net of PPP activity for the year in the mid-single digits, which is about $1 billion of loan growth. That leaves about $1.5 billion of excess cash to prepare for deposit run-off if rates start to increase and to begin buying investments in the bond portfolio.
We did purchase a $100 million of BOLI during the second quarter with a non-taxable yield of approximately 3.5% and we are considering other investment purchases although we would like the curve to steepen just a little bit before we really start doing that. And with that, I will wrap it up. I appreciate everyone's time today and I will turn the call over to Vaish for any questions from the group.
Questions and Answers:
Operator
[Operator Instructions] The first question comes from Brady Gailey with KBW. Please go ahead.
Brady Gailey -- KBW -- Analyst
Hey, thanks, good morning guys.
Nicole S. Stokes -- Corporate Executive Vice President and Chief Financial Officer
Good morning, Brady.
Brady Gailey -- KBW -- Analyst
So when I look at what happened on the expense side, basically your ability to reduce expenses to help offset the pressure of down revenue and mostly down mortgage, that was pretty impressive in the second quarter. I mean should that dynamic continue to play out like it did in 2Q going forward as mortgage continues to normalize.
Nicole S. Stokes -- Corporate Executive Vice President and Chief Financial Officer
So Brady, I'm going to take that question and split it into two, if that's OK and talk about the mortgage side and then talk about the banking side because I think there's two different dynamics there. On the mortgage side, we do anticipate and again kind of looking at mortgage revenue driven by gain on sale and the other component is production and the gain margin really doesn't affect those variable costs and we feel like we've absorbed all of that into the second quarter. Then when you turn to the production side, the production side is where the variable costs really are affected. We have about an 80% structure there. So as production comes down, we expect additional cost saves on the expense side, that's mostly in salaries benefits, basically commissions incentive and then also on the IT side because as production comes down, your data processing per account comes down. So those are the two main categories on the build-out kind of 80% decline in expenses as the production revenue comes down. So, I do anticipate on the mortgage side.
On the banking side, part of the decrease this quarter had to do with deferred costs because of our very strong production. So I think some of that could come back. I don't think that we'll go back to the 83, 85 [Phonetic] that we were running, but I think the 76 [Phonetic] could easily up a little bit as that -- as production, again very robust and you think about third, fourth quarters if it is not quite as robust production, this deferred fees could impact that. So I think the 76 [Phonetic] could easily go closer to the 79 to 80 [Phonetic], but I don't anticipate it going as high as it was in that 85 [Phonetic] range a few quarters ago.
Brady Gailey -- KBW -- Analyst
Okay and then when I look at your capital base, I mean Nicole, you mentioned that adjusted TCE is 10%. That's a 100 basis points above your 9% target. Your stock has pulled back a little bit here. It's at 11 times earnings and only 1.7 times tangible, which is pretty attractive. Any thoughts on reengaging in the share buyback?
H. Palmer Proctor -- Chief Executive Officer
Yeah, Brady. This is Palmer, as you know, we've got the plan out there and authorized and we've got opportunities to do that and if we continue to see the pullback that we're seeing now, because the stock is at a very attractive price, that's certainly a consideration we'll take into consideration.
Brady Gailey -- KBW -- Analyst
Okay and then finally from me, maybe just an update on M&A. We saw SouthState enter your market in a big way this morning with the acquisition of Atlanta Capital. Would a target like that possibly have been of interest to you? And then just generally speaking, maybe update on how you guys are thinking about M&A now, Palmer?
H. Palmer Proctor -- Chief Executive Officer
Yeah, no, I think that's a nice transaction for SouthState. I think it's a good bolt-on for them. I think that it's -- whenever you can garner market share in a market like Atlanta, I think it's a good opportunity and I think that the opportunity for a lot of folks looking at Atlanta as they realize the opportunity here in terms of the growth prospects and that's what we'll continue to capitalize on and when you look at where we stand in the market in terms of market share and in the existing platform we have in place, we'll be able to lever that in a meaningful way.
In terms of our outlook, we're pretty consistent in terms of what we're looking for. We've got -- we're very disciplined and obviously very principled in what we want to do. So we take a lot of the social considerations into account in addition to the pricing and so we're going to remain opportunistic, which is where we are and it's nice to be in a position to be able to think that way, but aside from M&A, as you know, we've got incredible growth -- organic growth opportunities and we'll continue to pursue those either way.
Brady Gailey -- KBW -- Analyst
Okay, great. Thanks for the color, guys.
H. Palmer Proctor -- Chief Executive Officer
You bet.
Nicole S. Stokes -- Corporate Executive Vice President and Chief Financial Officer
Thanks, Brady.
Operator
Your next question comes from Casey Whitman with Piper Sandler. Please go ahead.
Casey Whitman -- Piper Sandler -- Analyst
Good morning.
Nicole S. Stokes -- Corporate Executive Vice President and Chief Financial Officer
Good morning, Casey.
Casey Whitman -- Piper Sandler -- Analyst
Nicole, maybe can you walk us through how you are thinking about your core margin over the back half of the year without PPP and accretion. And obviously, how liquidity is going to play into that?
Nicole S. Stokes -- Corporate Executive Vice President and Chief Financial Officer
Absolutely, so I was going to say excluding kind of just assuming flat PPP, flat accretion, and flat liquidity, we're guiding for another quarter of mid-single digit compression. That's a couple of basis points on the asset side offset. We do think we have a couple more basis points to squeeze out on the deposit side mostly in that CD portfolio. So again kind of mid-single digit compression for the next quarter until we start to stabilize.
Again, we have that $2.5 billion of excess liquidity. So as we can start deploying that, every $100 million is about 2 basis points on our margin. So as soon as we start deploying that, we will definitely see the pickup on -- have that added back in, but assuming the liquidity stays flat, accretion and PPP stay flat, we're mid-single digit compression for one more quarter.
Casey Whitman -- Piper Sandler -- Analyst
Okay, makes sense. That's all I had. Nice quarter.
Nicole S. Stokes -- Corporate Executive Vice President and Chief Financial Officer
Great, thank you, Casey.
Operator
The next question comes from Jennifer Demba with Truist Securities. Please go ahead. Is the line muted? We can't hear you.
Jennifer Demba -- Truist Securities -- Analyst
Hi, can you hear me now?
Nicole S. Stokes -- Corporate Executive Vice President and Chief Financial Officer
Yes, good morning, Jennifer.
Jennifer Demba -- Truist Securities -- Analyst
Hi, how are you? My question is on the mortgage business. Can you just talk about what kind of production trends you think you're going to see over the next couple of quarters and how much of an issue is the inventory shortage right now?
H. Palmer Proctor -- Chief Executive Officer
Yeah, I'll take that. I think when you look at our current production and you saw it this quarter, it's still very meaningful. Obviously, we're impacted by the margin, but in terms of the impact from a supply situation, what we're finding is that while supply is in short order, the demand is still there and typically in this business, you've got a lot of seasonality for the second half of the year and I don't think you're going to see that.
So I think what's going to happen is, it's actually going to be when you look at the run rate going forward over the next probably two to four quarters, I think it's going to be actually much more stable than what we have historically seen just because that constant demand for inventory and for absorption, which we normally see a pullback as we get into -- later into the year.
So I'm kind of contrarian in that view and think that in certain markets as we all know there is a very high shortage of supply, but the absorption is there and so I think it's going to continue to be a steady performer for those that are heavily focused on purchase type activity, which we are, with builder and realtors. So I think that's going to serve us well. We certainly all saw a little pickup in the refi activity just due to the drop in rates over the last quarter, but going forward, I think it's going to be a much more stable type of environment for mortgage quite frankly for those that are heavy purchase oriented.
Jennifer Demba -- Truist Securities -- Analyst
Okay and back on the merger interest topic, Palmer. Could you just give us a little more detail on what types of transactions Ameris might be interested in if they make sense?
H. Palmer Proctor -- Chief Executive Officer
Yeah, I would tell you, those are the kinds of transactions we're looking at, anything that makes sense to us. We're big on culture as you know here. So it has got to be a very good cultural fit and alignment there and it's got to be accretive. We're very disciplined in our pricing. We're not going to do anything that's overly dilutive to this company or to our shareholders, but first and foremost, it's got to be a good cultural fit and so we will remain like I said opportunistic and open to other opportunities that are out there both bank and non-bank type of transactions.
Jennifer Demba -- Truist Securities -- Analyst
Okay, thank you.
H. Palmer Proctor -- Chief Executive Officer
You bet.
Operator
Your next question comes from Brody Preston with Stephens Inc. Please go ahead.
Brody Preston -- Stephens Inc. -- Analyst
Hey, good morning everyone.
Nicole S. Stokes -- Corporate Executive Vice President and Chief Financial Officer
Good morning, Brody.
Brody Preston -- Stephens Inc. -- Analyst
Hey Nicole, could you just help me around the core expenses, so I hear you that you think you can bump back up to $79 million or $80 million with the production, but just when I look at the year-over-year sort of decline understanding that 1Q is a seasonally high, a seasonal high for you guys because of the payroll, but you know, you're down from $83 million year-over-year to $76 millino, right, so you know, you're effectively taken out $7 million out of the quarterly run rate on a year-over-year basis. And so just help me understand how you -- like what specifically has driven that level of the decline in the core bank expenses over the last year while you've been actively hiring people?
Nicole S. Stokes -- Corporate Executive Vice President and Chief Financial Officer
Sure, that's a great question. I appreciate it. And so this really comes back to what we've been saying for several quarters is that we feel like we've been ahead of the curve on a few things. We did our branch rationalization and then close branches there. We were looking at lease opportunities as leases were expiring to move out of those and kind of consolidate spaces and so that's -- it's been exactly what we had planned and we have been able to do hiring.
I will say that we have certainly used and I know people are heard me [Phonetic] saying there's a reallocation of resources, but finding ways to pay for things and so even though we have had new hires, we've also had some attrition or some retirements and maybe we've reallocated those funds to be able to move into some other growth markets and not fill those positions in some of our other markets.
And then we've also started using technology to help as well and so when you look at the expense down the line, it's just about every bucket. I mean you'll see data processing and telecommunications is about the only one that's been flat there, but some of the expenses that we spent there have been able to help us in some of the other non-interest expenses that are down. Occupancy is down as well as salaries and employee benefits. And you are exactly right, we had about a $1 million to $2 million payroll tax in the first quarter that we didn't have again and then we also had those deferred costs that could come back up into that salary category.
H. Palmer Proctor -- Chief Executive Officer
But Brody, this is Palmer. One thing in all companies, obviously, the largest expense item is the teammaters and the overhead and I think what I've been very pleased with the Ameris team here is the discipline in terms of accountability and expectations and being realistic about it obviously, but what you'll find a good example is even in our commercial banking group, year-to-date, we've hired 11 new individuals, but net that we were only up three FTEs and I think what that's reflective of is just holding people accountable for their roles and their performance and if you can do that throughout an entire company whether it's on the operational side or on the production side, what you end up with is a very meaningful group of high performing individuals and instead of just layering in additional expense to mask a deficiency and so I think that's one of the things that we've been very consequential about this year and last year and it's certainly paid dividends for us currently and going forward.
Operator
Brody, do you have any more questions? We can't hear you.
Brody Preston -- Stephens Inc. -- Analyst
Oh yes, sorry about that. So I guess on the mortgage side, Nicole, just one last question there. If 80% of the expense there is tied to variable comp, if production were down say 5% again next quarter, that means expenses in that business line should be down 4%. Is that how should I be thinking about that?
Nicole S. Stokes -- Corporate Executive Vice President and Chief Financial Officer
Exactly, yes.
Brody Preston -- Stephens Inc. -- Analyst
Okay, great. Great, thanks for that. And I guess maybe just on that, for the mortgage banking, is that tied to total production or is that, or are those expenses tied to sold production?
Nicole S. Stokes -- Corporate Executive Vice President and Chief Financial Officer
Total production.
Brody Preston -- Stephens Inc. -- Analyst
Okay, all right, great. Thanks for that clarification. Maybe just switching to core loan yields. I think backing out PPP and sort of calculating your core loan yield right around 4.25% this quarter, which is down about 10 basis points from last quarter. Just given that new production yields continue to head down by 5 bps to 6 bps per quarter here, should we expect a similar kind of decrease in that core loan yields over the next couple of quarters or I guess when do you sort of expect that to subside?
Nicole S. Stokes -- Corporate Executive Vice President and Chief Financial Officer
No, you're exactly right. So with our current come on [Phonetic] rate, it is pushing our loan yields down and so we really need about a 50 basis point upswing for that to stabilize. So, if rates stay where they are for long periods, we could continue to see some of that compression. Again, we have the deposit side to help some of that for sure, but again, we kind of need a 50 basis point swing to really stop that margin decline and anything above that would start to be accretive.
Brody Preston -- Stephens Inc. -- Analyst
Okay and in the HFS portfolio 77 [Phonetic] yield. Is that a good normalized yield to use going forward. I know it can be pretty variable?
Nicole S. Stokes -- Corporate Executive Vice President and Chief Financial Officer
It is pretty variable. I hate to say this, but I don't anticipate it going down. So I think you could probably use that and that was being conservative.
Brody Preston -- Stephens Inc. -- Analyst
Okay and on that HFS portfolio, Nicole, the pipelines being down this quarter and MBA forecast being what they are, I guess we should expect this HFS portfolio continue to leg down from here. And so would you kind of expect it to get back to that $800 million range by some point next year?
Nicole S. Stokes -- Corporate Executive Vice President and Chief Financial Officer
I would say that that we've kind of guided to $900 million to $1 billion is kind of what we think will be the new norm. So it still has a couple of $100 million to come down, yes.
Brody Preston -- Stephens Inc. -- Analyst
Okay and then just on the mortgage banking division again, just could you help me understand some of the variability that you see on a quarter-to-quarter basis in the provision line item there. Sort of what drives that. Is it related to the average loans that you like are in the HFS portfolio or what are the specific components there that drive that?
Nicole S. Stokes -- Corporate Executive Vice President and Chief Financial Officer
Sure, some of that is related to how we allocate the provision and so when we start looking at some internal credit metrics similar to -- such as deferrals or delinquencies and then also just when we look at overall general economic factors, we could have some shift between buckets. So you'll see I think what you're looking at is again, when you again look at last quarter, that $4.5 million, we had a $28 million release for the whole company. So some of that was allocated to mortgage and then this quarter, you'll see kind of the banking division got the credit and then retail mortgage got -- had the expense but it all kind of net out. So some of the modeling economic factors as well as some individual internal credit metrics.
Brody Preston -- Stephens Inc. -- Analyst
Okay and then just on the C&I portfolio, it was nice to see some strength there in the core C&I portfolio. I think it was up about 12.5% linked quarter. Can you maybe help me understand, is that new kind of commitments? Is that increased line utilization? Is that some of the folks that you hired over the last year starting to hit their stride? So help me kind of understand what happened there?
H. Palmer Proctor -- Chief Executive Officer
Yes, it's a bit of all of the above, which is exciting to see and a lot of it, Brody, has come out of some of our investments we've made in many of the growth markets including the Charlotte area. North Florida had a great quarter as did Atlanta, so it has been very consistent and the pipeline has remained full and most of this was incremental new business. And the other part of it is some of this incremental from new markets, which I like seeing. So the investments we made last year are paying off and we are very excited about the outlook there.
Brody Preston -- Stephens Inc. -- Analyst
Okay, great. And then just one last one if I may. Nicole, do you happen to know what the servicing income was this quarter? I think it was $10.1 million last quarter for the mortgage.
Nicole S. Stokes -- Corporate Executive Vice President and Chief Financial Officer
Yeah, it was pretty consistent with that.
Brody Preston -- Stephens Inc. -- Analyst
All, right. Thank you very much.
H. Palmer Proctor -- Chief Executive Officer
And you know, that's a good point you bring up there and for everybody on that's listening today, when you look at mortgage and you look at potential volatility in mortgage, one thing that's not as volatile in mortgage is servicing income and we've got a meaningful servicing asset there. I think it's important for people to remember that in terms of, it's certainly helpful for us in terms of our forecasting and budgeting and the income coming from mortgage because it's a nice stabilizer for what can sometimes be a volatile line of business.
Brody Preston -- Stephens Inc. -- Analyst
Thank you all for taking my questions. I really appreciate it.
Nicole S. Stokes -- Corporate Executive Vice President and Chief Financial Officer
Great, thanks, Brody.
Operator
[Operator Instructions] The next question comes from Christopher Marinac with Janney Montgomery Scott. Please go ahead.
Christopher Marinac -- Janney Montgomery Scott -- Analyst
Thanks, good morning. Palmer and Nicole, you've been able to gain business from other bank mergers for a long, long time. So today's news -- locally is not any surprise. I'm just curious kind of what makes customers move or existing customers do more business with Ameris since kind of how that gets applied as that sort of deck chairs gets shuffled once again?
H. Palmer Proctor -- Chief Executive Officer
Well, I think it's fairly typical of all disruption. Some of it is is when an account officer leaves their bank and moves to another bank, obviously, a lot of people bank with people, but then there is the execution side too and the commitment to the market. I do think that we've benefited from that because we've got a lot of meaningful presence in a lot of key growth markets, but when you start having changes in reporting lines, you start having changes in credit approvals, that can be disruptive to the lenders and it can also be disruptive as an end result to the customer, which is what we're all about. So I think with all the movement out there in terms of M&A and furthermore just changes in reporting lines, that's presented a lot of disruption that we've been able to capitalize on, I think we'll continue to going forward.
Christopher Marinac -- Janney Montgomery Scott -- Analyst
Is it fair to say, Palmer, that there is more hires coming just from your core lenders on all sides of the bank?
H. Palmer Proctor -- Chief Executive Officer
There are new opportunities and we've got several folks right now and I'm excited to say a lot of them are coming from some of our new initiatives and new markets, especially in the Carolinas and Florida, but that being said, the thing that gives me comfort in terms of our projections for growth, we have all the folks we need to deliver on the forecast that we have set out for the remainder of this year. So anything beyond that will be incremental lift for us which we'll continue to capitalize on as we move forward.
Christopher Marinac -- Janney Montgomery Scott -- Analyst
Okay, great. And last question from me is just about how fintech is evolving for you at Ameris? What are the priorities or new initiatives there that we should expect the next couple of quarters?
H. Palmer Proctor -- Chief Executive Officer
Yeah, I think for us, we like to stay, not on the bleeding edge, but on the cutting edge of that. We're obviously heavily involved in a lot of the fintech initiatives that are out there with Canopy and Fintop and just staying on the forefront of that, but at the same time, it gives us an opportunity to be exposed to that new technology. We've embraced a lot of it. As we've talked about before, robotics continue to be a major focus for us in some of our higher volume areas like mortgage and then we'll continue to roll that out into areas like premium finance and you garner a lot of efficiencies there.
We have an aggressive sales force initiative underway right now throughout the entire company. We were utilizing sales force and into in many of the areas of the company, but going forward, we've got an active rollout of sales force over the next two or three quarters. And I think the important thing, there're so many things that you want to do, but you got to prioritize in terms of where you're going to see the largest gain in efficiencies and so, right now, we see that on the robotics front and on the sales force front and a lot of that has to do with workflow, not just managing pipelines and that's where we will continue to make meaningful investments.
And then obviously, down the road, as we all talk about is what opportunities we might have in terms of our core processors going forward and getting into a more open architecture type of environment, which is really exciting to me and I don't think for the industry, we're quite there yet. We've certainly got some prototypes or experimental activity going on, but until that's a little bit more secure and we've got the comfort of our regulators and everyone else. I think that's probably a couple years out, but in the meantime, there's a lot that banks can be doing now to position themselves to become more efficient and that's what we've prided ourselves on over the last year.
Christopher Marinac -- Janney Montgomery Scott -- Analyst
Great and that ties all back to the core expense improvements that Nicole was elaborating on earlier and there's more there in general.
H. Palmer Proctor -- Chief Executive Officer
Absolutely. We've always talked about mortgage and have a scalable business. The question is, is do you execute on that and with the robotics that we had in place that allows quite frankly to make some expense reductions immediately without creating havoc or some sort of concern in the back office environment and so that's where you start really appreciating the efficiency garnered from technology.
Christopher Marinac -- Janney Montgomery Scott -- Analyst
Great, thanks for the background.
H. Palmer Proctor -- Chief Executive Officer
Thank you.
Operator
This concludes the question-and-answer session. I would like to turn the conference back over to Palmer Proctor for any closing remarks.
H. Palmer Proctor -- Chief Executive Officer
Thank you very much. And once again, I'd like to thank everyone for listening to our second quarter 2021 earnings result call. We're excited about the momentum as you can tell throughout the entire footprint and we feel like we're extremely well positioned for the second half of 2021 and into the future and as I've always said before, we're going to continue to deliver on top quartile financial results and remain focused on our disciplined growth and our operating efficiencies and growing our franchise value, but thank you all again for your time and your interest in Ameris Bank.
Operator
[Operator Closing Remarks]
Duration: 42 minutes
Call participants:
Nicole S. Stokes -- Corporate Executive Vice President and Chief Financial Officer
H. Palmer Proctor -- Chief Executive Officer
Brady Gailey -- KBW -- Analyst
Casey Whitman -- Piper Sandler -- Analyst
Jennifer Demba -- Truist Securities -- Analyst
Brody Preston -- Stephens Inc. -- Analyst
Christopher Marinac -- Janney Montgomery Scott -- Analyst
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ameris Bancorp (NASDAQ: ABCB) Q2 2021 Earnings Call Jul 23, 2021, 9:00 a.m. One of the big questions and a very legitimate question for many of our ABCB stockholders and stakeholders was what happens when mortgage revenue normalizes for the bank. Operator [Operator Closing Remarks] Duration: 42 minutes Call participants: Nicole S. Stokes -- Corporate Executive Vice President and Chief Financial Officer H. Palmer Proctor -- Chief Executive Officer Brady Gailey -- KBW -- Analyst Casey Whitman -- Piper Sandler -- Analyst Jennifer Demba -- Truist Securities -- Analyst Brody Preston -- Stephens Inc. -- Analyst Christopher Marinac -- Janney Montgomery Scott -- Analyst More ABCB analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. | Operator [Operator Closing Remarks] Duration: 42 minutes Call participants: Nicole S. Stokes -- Corporate Executive Vice President and Chief Financial Officer H. Palmer Proctor -- Chief Executive Officer Brady Gailey -- KBW -- Analyst Casey Whitman -- Piper Sandler -- Analyst Jennifer Demba -- Truist Securities -- Analyst Brody Preston -- Stephens Inc. -- Analyst Christopher Marinac -- Janney Montgomery Scott -- Analyst More ABCB analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Ameris Bancorp (NASDAQ: ABCB) Q2 2021 Earnings Call Jul 23, 2021, 9:00 a.m. One of the big questions and a very legitimate question for many of our ABCB stockholders and stakeholders was what happens when mortgage revenue normalizes for the bank. | Operator [Operator Closing Remarks] Duration: 42 minutes Call participants: Nicole S. Stokes -- Corporate Executive Vice President and Chief Financial Officer H. Palmer Proctor -- Chief Executive Officer Brady Gailey -- KBW -- Analyst Casey Whitman -- Piper Sandler -- Analyst Jennifer Demba -- Truist Securities -- Analyst Brody Preston -- Stephens Inc. -- Analyst Christopher Marinac -- Janney Montgomery Scott -- Analyst More ABCB analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Ameris Bancorp (NASDAQ: ABCB) Q2 2021 Earnings Call Jul 23, 2021, 9:00 a.m. One of the big questions and a very legitimate question for many of our ABCB stockholders and stakeholders was what happens when mortgage revenue normalizes for the bank. | Operator [Operator Closing Remarks] Duration: 42 minutes Call participants: Nicole S. Stokes -- Corporate Executive Vice President and Chief Financial Officer H. Palmer Proctor -- Chief Executive Officer Brady Gailey -- KBW -- Analyst Casey Whitman -- Piper Sandler -- Analyst Jennifer Demba -- Truist Securities -- Analyst Brody Preston -- Stephens Inc. -- Analyst Christopher Marinac -- Janney Montgomery Scott -- Analyst More ABCB analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Ameris Bancorp (NASDAQ: ABCB) Q2 2021 Earnings Call Jul 23, 2021, 9:00 a.m. One of the big questions and a very legitimate question for many of our ABCB stockholders and stakeholders was what happens when mortgage revenue normalizes for the bank. |
27781.0 | 2021-07-12 00:00:00 UTC | Here's Why I Think Ameris Bancorp (NASDAQ:ABCB) Might Deserve Your Attention Today | ABCB | https://www.nasdaq.com/articles/heres-why-i-think-ameris-bancorp-nasdaq%3Aabcb-might-deserve-your-attention-today-2021-07-12 | nan | nan | Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story stocks' without revenue, let alone profit. But as Warren Buffett has mused, 'If you've been playing poker for half an hour and you still don't know who the patsy is, you're the patsy.' When they buy such story stocks, investors are all too often the patsy.
In contrast to all that, I prefer to spend time on companies like Ameris Bancorp (NASDAQ:ABCB), which has not only revenues, but also profits. Even if the shares are fully valued today, most capitalists would recognize its profits as the demonstration of steady value generation. Conversely, a loss-making company is yet to prove itself with profit, and eventually the sweet milk of external capital may run sour.
How Fast Is Ameris Bancorp Growing?
If a company can keep growing earnings per share (EPS) long enough, its share price will eventually follow. That makes EPS growth an attractive quality for any company. As a tree reaches steadily for the sky, Ameris Bancorp's EPS has grown 36% each year, compound, over three years. As a general rule, we'd say that if a company can keep up that sort of growth, shareholders will be smiling.
I like to take a look at earnings before interest and (EBIT) tax margins, as well as revenue growth, to get another take on the quality of the company's growth. I note that Ameris Bancorp's revenue from operations was lower than its revenue in the last twelve months, so that could distort my analysis of its margins. While we note Ameris Bancorp's EBIT margins were flat over the last year, revenue grew by a solid 44% to US$1.1b. That's progress.
In the chart below, you can see how the company has grown earnings, and revenue, over time. For finer detail, click on the image.
NasdaqGS:ABCB Earnings and Revenue History July 12th 2021
The trick, as an investor, is to find companies that are going to perform well in the future, not just in the past. To that end, right now and today, you can check our visualization of consensus analyst forecasts for future Ameris Bancorp EPS 100% free.
Are Ameris Bancorp Insiders Aligned With All Shareholders?
It makes me feel more secure owning shares in a company if insiders also own shares, thusly more closely aligning our interests. As a result, I'm encouraged by the fact that insiders own Ameris Bancorp shares worth a considerable sum. Indeed, they have a glittering mountain of wealth invested in it, currently valued at US$191m. This suggests to me that leadership will be very mindful of shareholders' interests when making decisions!
It means a lot to see insiders invested in the business, but I find myself wondering if remuneration policies are shareholder friendly. Well, based on the CEO pay, I'd say they are indeed. I discovered that the median total compensation for the CEOs of companies like Ameris Bancorp with market caps between US$2.0b and US$6.4b is about US$5.3m.
Ameris Bancorp offered total compensation worth US$2.7m to its CEO in the year to . That comes in below the average for similar sized companies, and seems pretty reasonable to me. CEO remuneration levels are not the most important metric for investors, but when the pay is modest, that does support enhanced alignment between the CEO and the ordinary shareholders. It can also be a sign of good governance, more generally.
Should You Add Ameris Bancorp To Your Watchlist?
Given my belief that share price follows earnings per share you can easily imagine how I feel about Ameris Bancorp's strong EPS growth. If you need more convincing beyond that EPS growth rate, don't forget about the reasonable remuneration and the high insider ownership. This may only be a fast rundown, but the takeaway for me is that Ameris Bancorp is worth keeping an eye on. Even so, be aware that Ameris Bancorp is showing 2 warning signs in our investment analysis , and 1 of those shouldn't be ignored...
You can invest in any company you want. But if you prefer to focus on stocks that have demonstrated insider buying, here is a list of companies with insider buying in the last three months.
Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction.
This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | NasdaqGS:ABCB Earnings and Revenue History July 12th 2021 The trick, as an investor, is to find companies that are going to perform well in the future, not just in the past. In contrast to all that, I prefer to spend time on companies like Ameris Bancorp (NASDAQ:ABCB), which has not only revenues, but also profits. Conversely, a loss-making company is yet to prove itself with profit, and eventually the sweet milk of external capital may run sour. | In contrast to all that, I prefer to spend time on companies like Ameris Bancorp (NASDAQ:ABCB), which has not only revenues, but also profits. NasdaqGS:ABCB Earnings and Revenue History July 12th 2021 The trick, as an investor, is to find companies that are going to perform well in the future, not just in the past. If a company can keep growing earnings per share (EPS) long enough, its share price will eventually follow. | In contrast to all that, I prefer to spend time on companies like Ameris Bancorp (NASDAQ:ABCB), which has not only revenues, but also profits. NasdaqGS:ABCB Earnings and Revenue History July 12th 2021 The trick, as an investor, is to find companies that are going to perform well in the future, not just in the past. Given my belief that share price follows earnings per share you can easily imagine how I feel about Ameris Bancorp's strong EPS growth. | In contrast to all that, I prefer to spend time on companies like Ameris Bancorp (NASDAQ:ABCB), which has not only revenues, but also profits. NasdaqGS:ABCB Earnings and Revenue History July 12th 2021 The trick, as an investor, is to find companies that are going to perform well in the future, not just in the past. When they buy such story stocks, investors are all too often the patsy. |
27782.0 | 2021-07-09 00:00:00 UTC | First Week of January 2022 Options Trading For Ameris Bancorp (ABCB) | ABCB | https://www.nasdaq.com/articles/first-week-of-january-2022-options-trading-for-ameris-bancorp-abcb-2021-07-09 | nan | nan | Investors in Ameris Bancorp (Symbol: ABCB) saw new options become available this week, for the January 2022 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 196 days until expiration the newly available contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the ABCB options chain for the new January 2022 contracts and identified one put and one call contract of particular interest.
The put contract at the $35.00 strike price has a current bid of 80 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $35.00, but will also collect the premium, putting the cost basis of the shares at $34.20 (before broker commissions). To an investor already interested in purchasing shares of ABCB, that could represent an attractive alternative to paying $49.40/share today.
Because the $35.00 strike represents an approximate 29% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 89%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 2.29% return on the cash commitment, or 4.26% annualized — at Stock Options Channel we call this the YieldBoost.
Below is a chart showing the trailing twelve month trading history for Ameris Bancorp, and highlighting in green where the $35.00 strike is located relative to that history:
Turning to the calls side of the option chain, the call contract at the $50.00 strike price has a current bid of $2.40. If an investor was to purchase shares of ABCB stock at the current price level of $49.40/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $50.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 6.07% if the stock gets called away at the January 2022 expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if ABCB shares really soar, which is why looking at the trailing twelve month trading history for Ameris Bancorp, as well as studying the business fundamentals becomes important. Below is a chart showing ABCB's trailing twelve month trading history, with the $50.00 strike highlighted in red:
Considering the fact that the $50.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 46%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 4.86% boost of extra return to the investor, or 9.05% annualized, which we refer to as the YieldBoost.
The implied volatility in the put contract example is 52%, while the implied volatility in the call contract example is 47%.
Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today's price of $49.40) to be 42%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com.
Top YieldBoost Calls of the S&P 500 »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Of course, a lot of upside could potentially be left on the table if ABCB shares really soar, which is why looking at the trailing twelve month trading history for Ameris Bancorp, as well as studying the business fundamentals becomes important. Below is a chart showing ABCB's trailing twelve month trading history, with the $50.00 strike highlighted in red: Considering the fact that the $50.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Ameris Bancorp (Symbol: ABCB) saw new options become available this week, for the January 2022 expiration. | Below is a chart showing ABCB's trailing twelve month trading history, with the $50.00 strike highlighted in red: Considering the fact that the $50.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Ameris Bancorp (Symbol: ABCB) saw new options become available this week, for the January 2022 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the ABCB options chain for the new January 2022 contracts and identified one put and one call contract of particular interest. | Below is a chart showing ABCB's trailing twelve month trading history, with the $50.00 strike highlighted in red: Considering the fact that the $50.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Ameris Bancorp (Symbol: ABCB) saw new options become available this week, for the January 2022 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the ABCB options chain for the new January 2022 contracts and identified one put and one call contract of particular interest. | At Stock Options Channel, our YieldBoost formula has looked up and down the ABCB options chain for the new January 2022 contracts and identified one put and one call contract of particular interest. Below is a chart showing ABCB's trailing twelve month trading history, with the $50.00 strike highlighted in red: Considering the fact that the $50.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Ameris Bancorp (Symbol: ABCB) saw new options become available this week, for the January 2022 expiration. |
27783.0 | 2021-07-08 00:00:00 UTC | Ameris Bancorp is Oversold | ABCB | https://www.nasdaq.com/articles/ameris-bancorp-is-oversold-2021-07-08 | nan | nan | The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. Ameris Bancorp (Symbol: ABCB) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.
But making Ameris Bancorp an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of ABCB entered into oversold territory, changing hands as low as $46.38 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of Ameris Bancorp, the RSI reading has hit 28.4 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 45.7. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. Indeed, ABCB's recent annualized dividend of 0.6/share (currently paid in quarterly installments) works out to an annual yield of 1.24% based upon the recent $48.40 share price.
A bullish investor could look at ABCB's 28.4 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on ABCB is its dividend history. In general, dividends are not always predictable; but, looking at the history chart below can help in judging whether the most recent dividend is likely to continue.
Click here to find out what 9 other oversold dividend stocks you need to know about »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | A bullish investor could look at ABCB's 28.4 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Ameris Bancorp (Symbol: ABCB) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making Ameris Bancorp an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of ABCB entered into oversold territory, changing hands as low as $46.38 per share. | Indeed, ABCB's recent annualized dividend of 0.6/share (currently paid in quarterly installments) works out to an annual yield of 1.24% based upon the recent $48.40 share price. Ameris Bancorp (Symbol: ABCB) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making Ameris Bancorp an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of ABCB entered into oversold territory, changing hands as low as $46.38 per share. | Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on ABCB is its dividend history. Ameris Bancorp (Symbol: ABCB) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making Ameris Bancorp an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of ABCB entered into oversold territory, changing hands as low as $46.38 per share. | Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on ABCB is its dividend history. Ameris Bancorp (Symbol: ABCB) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making Ameris Bancorp an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of ABCB entered into oversold territory, changing hands as low as $46.38 per share. |
27784.0 | 2021-07-07 00:00:00 UTC | Validea Joseph Piotroski Strategy Daily Upgrade Report - 7/7/2021 | ABCB | https://www.nasdaq.com/articles/validea-joseph-piotroski-strategy-daily-upgrade-report-7-7-2021-2021-07-07 | nan | nan | The following are today's upgrades for Validea's Book/Market Investor model based on the published strategy of Joseph Piotroski. This value-quant strategy screens for high book-to-market stocks, and then separates out financially sound firms by looking at a host of improving financial criteria.
AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. The rating according to our strategy based on Joseph Piotroski changed from 0% to 80% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Ameris Bancorp is a financial holding company. The Company's business is conducted through its banking subsidiary, Ameris Bank (the Bank), which provides a range of banking services to its retail and commercial customers. The Company operates through four segments: the Banking Division, the Retail Mortgage Division, the Warehouse Lending Division and the SBA Division. The Banking Division is engaged in the delivery of financial services, which include commercial loans, consumer loans and deposit accounts. The Retail Mortgage Division is engaged in the origination, sales and servicing of one- to four-family residential mortgage loans. The Warehouse Lending Division is engaged in the origination and servicing of warehouse lines to other businesses that are secured by underlying one- to four-family residential mortgage loans. The SBA Division is engaged in the origination, sales and servicing of small business administration (SBA) loans.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
BOOK/MARKET RATIO: PASS
RETURN ON ASSETS: PASS
CHANGE IN RETURN ON ASSETS: PASS
CASH FLOW FROM OPERATIONS: PASS
CASH COMPARED TO NET INCOME: PASS
CHANGE IN LONG TERM DEBT/ASSETS PASS
CHANGE IN CURRENT RATIO: FAIL
CHANGE IN SHARES OUTSTANDING: PASS
CHANGE IN GROSS MARGIN: FAIL
CHANGE IN ASSET TURNOVER: PASS
Detailed Analysis of AMERIS BANCORP
Full Guru Analysis for ABCB
Full Factor Report for ABCB
PREFORMED LINE PRODUCTS COMPANY (PLPC) is a small-cap value stock in the Misc. Fabricated Products industry. The rating according to our strategy based on Joseph Piotroski changed from 0% to 80% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Preformed Line Products Company (PLPC) is a designer and manufacturer of products and systems employed in the construction and maintenance of overhead and underground networks for the energy, telecommunication, cable operators and information industries. The Company's products include Formed Wire and Related Hardware Products, Protective Closures, Plastic Products and Other Products. The Company operates through four segments: PLP-USA (including corporate), The Americas (includes operations in North and South America without PLP-USA), EMEA (Europe, Middle East and Africa) and Asia-Pacific. The Company's PLP-USA segment consists of its United States operations manufacturing its traditional products primarily supporting its domestic energy, telecommunications and solar products. Its other three segments, The Americas, EMEA and Asia-Pacific, support its energy, telecommunications, data communication and solar products in each respective geographical region.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
BOOK/MARKET RATIO: PASS
RETURN ON ASSETS: PASS
CHANGE IN RETURN ON ASSETS: PASS
CASH FLOW FROM OPERATIONS: PASS
CASH COMPARED TO NET INCOME: PASS
CHANGE IN LONG TERM DEBT/ASSETS PASS
CHANGE IN CURRENT RATIO: FAIL
CHANGE IN SHARES OUTSTANDING: PASS
CHANGE IN GROSS MARGIN: PASS
CHANGE IN ASSET TURNOVER: FAIL
Detailed Analysis of PREFORMED LINE PRODUCTS COMPANY
Full Guru Analysis for PLPC
Full Factor Report for PLPC
More details on Validea's Joseph Piotroski strategy
About Joseph Piotroski: Piotroski isn't your typical Wall Street big shot. In fact, he's not even a professional investor. He's a good old numbers-crunching accountant and college professor. But in 2000, shortly after he started teaching at the University of Chicago's Graduate School of Business, Piotroski published a groundbreaking paper in the Journal of Accounting Research entitled "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers". In it, Piotroski laid out an accounting-based stock-selection/shorting method that produced a 23 percent average annual back-tested return from 1976 through 1996 -- more than double the S&P 500's gain during that time. Piotroski's findings were reported in major financial publiations like SmartMoney. Today, he teaches accounting at Stanford University's Graduate School of Business.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. Detailed Analysis of AMERIS BANCORP Full Guru Analysis for ABCB Full Factor Report for ABCB PREFORMED LINE PRODUCTS COMPANY (PLPC) is a small-cap value stock in the Misc. Its other three segments, The Americas, EMEA and Asia-Pacific, support its energy, telecommunications, data communication and solar products in each respective geographical region. | Detailed Analysis of AMERIS BANCORP Full Guru Analysis for ABCB Full Factor Report for ABCB PREFORMED LINE PRODUCTS COMPANY (PLPC) is a small-cap value stock in the Misc. AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. The Warehouse Lending Division is engaged in the origination and servicing of warehouse lines to other businesses that are secured by underlying one- to four-family residential mortgage loans. | Detailed Analysis of AMERIS BANCORP Full Guru Analysis for ABCB Full Factor Report for ABCB PREFORMED LINE PRODUCTS COMPANY (PLPC) is a small-cap value stock in the Misc. AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. Company Description: Preformed Line Products Company (PLPC) is a designer and manufacturer of products and systems employed in the construction and maintenance of overhead and underground networks for the energy, telecommunication, cable operators and information industries. | AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. Detailed Analysis of AMERIS BANCORP Full Guru Analysis for ABCB Full Factor Report for ABCB PREFORMED LINE PRODUCTS COMPANY (PLPC) is a small-cap value stock in the Misc. The following are today's upgrades for Validea's Book/Market Investor model based on the published strategy of Joseph Piotroski. |
27785.0 | 2021-07-06 00:00:00 UTC | What to Make of the Bank Stress Test News | ABCB | https://www.nasdaq.com/articles/what-to-make-of-the-bank-stress-test-news-2021-07-06 | nan | nan | The Federal Reserve recently announced that all 23 banks subject to the 2021 stress tests passed with flying colors, clearing the way for dividend increases and new buyback plans. Plus, Visa (NYSE: V) is planning to acquire another open banking start-up after its previous attempt to acquire Plaid didn't work out. In this episode of Industry Focus: Financials, host Jason Moser and Fool.com contributor Matt Frankel, CFP, discuss these top stories and more.
To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks. A full transcript follows the video.
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This video was recorded on June 28, 2021.
Jason Moser: It's Monday, June 28th. I'm your host Jason Moser. On this week's financial show, we've got the latest in the round of bank stress tests. Visa is moving past its failed bid for Plaid. JPMorgan is wading deeper into the mortgage market. We'll wrap things up with a couple of stocks to watch. Joining me as always, it's Certified Financial Planner, Mr. Matt Frankel. Matt, how's everything going?
Matt Frankel: I am doing great. It's a sunny hot day in South Carolina. Hopefully it's at least nice where you are.
Moser: Well, it is a sunny, hot day here in Northern Virginia as well. It's summer, it should be sunny and hot. At least we get the pool open. If I understand correctly, Matt, you have a pool now, is that right?
Frankel: Yeah. If it gets much hotter, I might actually broadcast while I'm waiting in the pool.
Moser: I want to be there for that. Give me a little heads up that's coming down and we'll make sure to adjust the show accordingly. Matt, we have a lot of interesting news that came out through the course of last week. Let's go ahead, just get to really what is the lead story I think for the week. You and I both agreed on the latest round of stress tests. I thought this was interesting from a number of different angles, but first and foremost, it appears like all U.S. banks, all big banks here domestically are in pretty good shape now. Given the purpose that this stress has served, I think we can all get behind why they exist. It sounds like all 23 banks here are, according to the Federal Reserve, in pretty good shape if we run into another economic downturn.
Frankel: In a lot of ways, I feel like this was less of a headline than it has been in years past because when you think about it, banks have just gone through an actual stress test.
Moser: True.
Frankel: At the beginning of the COVID pandemic, banks plunged more than most stocks in the market. The reason was, people didn't know if they can handle that stress because the stress test the Fed puts them through was a lot milder in a lot of ways than what the COVID pandemic put them through. For example, the stress test that you just used projected a 55% drop in the stock market, which was a little more than the S&P had. But it projected a peak unemployment rate of 10.8%. In the peak of COVID, we had an unemployment rate that was more than that. Banks were just through with stress tests. It wasn't too surprising, but this was definitely good news that all 23 institutions that were subject to the stress test, remember it's only the biggest ones that had to do it, passed with flying colors. Minimum capital levels would've stayed more than double the regulatory minimums even in that severe downturn. That's pretty impressive. They would collectively lose almost half a trillion dollars, so the stock prices would probably go down if that were to happen. But the banks would survive, and that's really the important part. The reason for these regulations isn't to protect the stockholders, it's to protect the American Republic from bank failures.
Moser: Yeah. I'm glad you made that point because I'm sure there are varying opinions on this too much regulation versus not enough regulation, but it really does seem like this comes from the right place. It does come from a place where it's trying to make sure essentially our entire system doesn't just collapse, given how crucial all of these is going to display in our entire economy. It's very easy, I think, for consumers just to think, oh, that's the bank that charged me those overdraft fees and they're trying to rip me off and they charge me for my account, monthly or whatever. Maybe there's a little bit of a different perception there versus you and I know. Many of us know how these banks make their money in lending. The more money they lend out, the more exposure that is, and you run it into an economic downturn. All of a sudden, that becomes a little bit more connected, it becomes a little bit more apparent and it certainly seems to me like these stress tests, this comes from a good place.
Frankel: A lot of my 20-somethings and early 30s investors might not remember, before these stress tests existed in 2008, 2009, there was a legitimate chance that the financial system would have collapsed.
Moser: I felt that way too, a lot of us, I think.
Frankel: Without the big banking bailout, and they want the need for future bailout to these banks either. It's a really necessary piece of the puzzle. The stress tests are getting a little more flexible overtime, and that's one thing I want to talk about in a minute. But in general, this is a good thing for consumers, for the market in general because the COVID pandemic was tougher on the economy in a lot of ways than the financial crisis was. The financial crisis didn't make the economy grind to a halt. At the time, I was still a grad student, I was working at a restaurant. The restaurants stayed open. The college was still open. People were still going out to eat. It wasn't as devastating of an economic event as the COVID pandemic was. A lot of it was due to the stimulus, that's why the banks handled it so well. But a lot of it has to be attributed to these stress tests and just the increased regulation and increased oversight when it comes to how much capital these banks have to keep, because before, it really wasn't there.
Moser: What do you think is the natural segue with this latest round of tests? The conversation to me, at least for investors, pivots toward something that banks are notorious for investments, dividends and buybacks. A lot of banks have more or less had the freedom to be able to continue those policies, save a few, but it does feel like now, even if it's not something that's necessarily greenlight, something that was already greenlit for many, this problem to me, it seems like this might result in accelerating dividend growth and share repurchases. What's your take there?
Frankel: I think that's an understatement, and I'll tell you why. The stress test methodology in normal years was that if the banks pass the stress test, then they are to submit their capital plans for the Federal Reserve. We want to buy back $10 billion worth of stock. We want to pay X amount of dividends, and then they have to get the regulators stamp of approval on that. That's no longer going to be the case starting with this year. This was supposed to change last year but was put on hold because of the pandemic. Now they have what's called the stress capital buffer framework. This essentially says that as long as a bank keeps a minimum amount of capital prescribed by the Federal Reserve based on its riskiness, it can pay whatever dividends and buy back as many shares as it comfortably wants to.
Moser: That makes sense.
Frankel: This can be a big deal for banks, especially the ones that have really been limited by this, like Wells Fargo, for example. But now banks can do whatever they want. They don't have to get regulatory approval beyond meeting a certain capital buffer for how much they want to buyback. By the way, the reason you haven't seen a whole bunch of announcements about this yet from the individual banks, is the Fed asked for a hold off 'till Monday afternoon, which is today. If you're listening to this on iTunes or whatever, by the time you're hearing this, you might have noticed a bunch of press releases trickling out, and you might have been surprised that the size of them, and that's why because this year banks can really go-forward when it comes to returning capital to shareholders.
Moser: But I feel like next week we may have a great opportunity. We should keep an eye on this over the course of the next 24-hours to see how many of these announcements do come out and the reaction from the market on their respective stocks.
Frankel: For sure, 23 banks, I might need you for the whole hour next weekend.
Moser: Hopefully I'll be able to give you a little bit more time, I think it will be a fun conversation. Definitely something I'm going to be keeping an eye on. Real quick, before we move on to the next story, this is something that banks are, to me, an interesting investment idea from a number of different angles, given the role that they play in the economy. I do like it as I get older. To me, they seem like there would be a nice way to get a little bit of that income diversification in one's portfolio, and feel like they are on better footing now. Hopefully, we don't see the same magnitude of the same type of reaction if something bad happens like we saw back in 2008, 2009, and 2010. By the same token, I also love those small banks. We talk a lot about Ameris Bancorp, for example, on this show here, and a number of others. Where do small banks fit into this discussion here? Of course, they are smaller, they have fewer resources. They're going to be more at risk for something like an economic downturn. But the flip side of that coin is, because they're smaller, because they have fewer resources, perhaps the management teams manage those banks a little bit differently and they don't have that same level of exposure. Is there a trade-off that investors need to be aware of? Is it one versus the other, or is it just they have some big banks, have some small banks, and that makes for a good combo?
Frankel: Well, with small banks, just like any smaller stocks in an industry, you can expect a little more volatility. But it's important to point out that just because the smaller banks don't have to submit to the stress tests doesn't mean they can just do whatever they want. [laughs] It's not like you have heavily regulated risk versus no regulations in the wild west over there in the small bank land. These banks still keep pretty high levels of capital, much more than before the financial crisis. There's a whole lot of different regulations in the individual industries that are adjacent to banking like mortgages that didn't exist before the financial crisis. There are a lot of regulations protecting consumers even when it comes to smaller banks. Having said that, smaller banks have higher growth opportunities. Ameris is one that you follow, I know.
Moser: Live Oak, another one we talked about.
Frankel: Live Oak. I can make the case that either of those will double in size before JPMorgan Chase will. More growth potential, but that also means more execution risk in growing. I would say more volatility, more risk opportunity. I'd say with smaller banks, it's more important to be diversified.
Every time I mention a smaller bank, you name a couple of extra extra, and that's a good thing because you think of it from the basket approach. Whereas like JPMorgan Chase, I would say it's like an all-in. If you want to put 10% of your money in banking, you can put it on JPMorgan Chase and make the case for doing that.
Moser: Or Wells Fargo.
Frankel: Or Bank of America or any of those big ones. They're more like stand-alone financial sector investments. Whereas I wouldn't put 10% of my portfolio in Live Oak even though I love the company. It's because it has a ton of growth potential, but also a ton more volatility than you can expect from some of the bigger names in the space.
Moser: Hey, maybe an idea for a future show then, Matt, and let's just kick this around. A small bank basket. Maybe there's something there. Maybe we come up with a small bank basket and five small banks that we think are worth owning. I don't know. We'll see what the listeners think. They'll hear that suggestion, they'll chime in, and we'll go from there. But what would you think?
Frankel: Yeah, I'd be in for that. I'd actually like to hear some basket ideas. I think we could do a basket series.
Moser: All right, well.
Frankel: I think that'd be cool. I want to hear some basket ideas.
Moser: We'll keep that in mind. Listen, you already lit the fire here. We're going to get some suggestions, I'm sure, and some will be good, some of the less than good, but we'll work with what we got and maybe we'll come up with something.
Frankel: I'm a little more boring. There's only so many REIT baskets you can do.
Moser: Well, we'll see where this conversation takes us as the weeks go on. Matt, in January, it was announced that Visa was not going to be going through with its plan to acquire a financial services company, Plaid. That was primarily due to antitrust concerns. Not a shock. Certainly, it was a risk that we all acknowledged existed. It became a reality. But that didn't stop Visa's management's wheels from turning. Visa just announced they are going to now acquire a Swedish FinTech start-up company called Tink for $2.1 billion. I wonder how you feel about this deal? Given the size of the business, it doesn't seem like there would necessarily be the same antitrust concerns, particularly because I think that the debit connection that existed with Plaid, I don't think that same connection exists with Tink. But nevertheless, $2.1 billion, that's a lot of money. Does this deal make sense?
Frankel: Tink is entirely focused on the European market, which I think will help with regulatory issues as well. It's definitely a replacement for Plaid in Visa's strategy. It's pretty obvious. It's a clear replacement. But having said that, it's a somewhat smaller company, they're paying $2.1 billion. Plaid is valued at something like $13 billion on the private market. But I think Visa was going to acquire it for $billion or $5 billion.
Moser: That deal is something like $5.5 billion.
Frankel: I'd say this is about half the size of the Plaid deal when you look at the price Visa is paying. It's an all cash transaction. Tink is a player in open banking, just like Plaid was, or so I should say.
Moser: Sure.
Frankel: They essentially open up consumers banking information with their permission, usually if the checkbox or something for your information actually is out there securely. But it shares your information with all these lenders, fintech, things like that, to optimize the consumer banking experiences, that goal. Lenders have access to financial information of potential customers that can help them offer them better terms or loans than they would otherwise get. We've talked about similar things in the U.S. market with Upstart. This is one that we've talked about a lot recently. Where they look at a bigger picture of a customer's financial data before making a lending decision. They won't just pull the FICO score and be done with it. Open banking can be applied to situations like that as well.
Moser: Yeah.
Frankel: Big potential applications here. As I mentioned, Tink is and will continue to be for the time being focused on the European market. But really a big part of Visa's strategy to go beyond just its core business of being a payment network.
Moser: Yeah, that's an interesting point you make in Visa trying to get past that core business. I think that's the business that everyone is so familiar with. In simplest terms, Visa is the company that owns that card that's in your wallet. Mastercard is the company that gave you that card that's in your wallet. Now, anybody that follows the payment space, you know that it's far more nuanced than that. There are a number of hands in that cookie jar, so to speak. But given companies like Mastercard and Visa today, they are positioned in the market. The conversation has been one lately of disruption. Smaller players, FinTech, these types of companies disrupt companies like Mastercard and Visa in rendering them "obsolete." Now, I tend to think that's extremely shortsighted. I think that's a very shortsighted view. Part of the reason why I think that is because of just what we're seeing right here. We're seeing with Mastercard, we are seeing with Visa, they're making these little bolt-on acquisitions as they go along in order to build out that strategy and become more things to more people. I think that what some may not think about fully is that when they make an acquisition like this, it just immediately plugs into this massive network.
You look at businesses with massive networks and you look at Facebook, for example, or look at Netflix. Companies where even if you saw a mass exodus of users, it's still at the end of the day isn't going to meaningfully dent the total number of people that are using those networks. When you have that network, it gives you the ability to really do a lot of different things. I look at companies like Visa and Mastercard, to me they seem just as relevant today, and these are the types of acquisitions that should keep them relevant for the foreseeable future. But I don't know, do you think they're going to be regulated out of the market or disrupted out of the market?
Frankel: Yes. Visa's biggest obstacle to growing through acquisition is regulation. We saw that with the Plaid acquisition.
Moser: Of course.
Frankel: Visa could afford to buy Square if it really wanted to.
Moser: Sure.
Frankel: It couldn't get approval to do that.
Moser: I would imagine antitrust concerns would be down there.
Frankel: Visa has cited a $185 trillion global payments market, and that includes things that they are not involved in yet, like person-to-person payments, like business-to-business transfers, things like that. They want to branch out from the core business. Regulation is an obstacle that these businesses are acquiring become infinitely more valuable under Visa's umbrella, like you mentioned. How much more valuable do you think Instagram became when Facebook took it over?
Moser: It's almost impossible to even quantify it, and that was a $1 billion acquisition and now Facebook really is, it's Instagram for all intents and purposes.
Frankel: Right. Or YouTube when Google [Alphabet] acquired it?
Moser: Yeah. Another hit.
Frankel: There's a bunch of examples like that where a business might have seemed like a pretty hefty price tag to pay for a 'start-up'. But how much more valuable does it become under that? Instagram paired with Facebook's $2 billion users or whatever, it becomes Facebook. It's a pretty crazy concept that Visa can acquire a small company and it's instantly creating billions of dollars in value.
Moser: Because of the value of the network.
Frankel: Right. Visa's network is enormous.
Moser: Yes, it is.
Frankel: How universal is Visa accepted for businesses in the U.S. now?
Moser: Yeah. I think that's a very difficult thing that disrupted a powerful and widespread network.
Frankel: I've gone three months at a time without using cash, and [laughs] one of the big reasons is companies like Visa and Mastercard.
Moser: That's right.
Frankel: Take that as you will, but I think it's a step toward diversification. Especially for U.S. consumers I don't know how significant this is going to be, just because it's a European focused business. But it's definitely a step toward diversifying.
Moser: Well, and a good reminder, there's a whole lot going on outside of the U.S. It's aglobal marketopportunity, and so it's always important to remember that. JPMorgan in the news recently, Matt, and it is because of investments they're making in what looks like is described a private label mortgage exchange. This is something where we saw these types of mortgages, ultimately mortgages that are not being backed by Fannie and Freddie. This is something we saw, I think a little bit more in the 2008, 2009, 2010 range. Of course, the financial crisis that occurred then, which was very tied of course to mortgages really impacted the U.S. market. But seems like it's making a little bit of a comeback. I was reading through this story and I thought it was interesting because it seems like one of the reasons why this deal matters and one of the reasons why it could end up, at least to me working out OK for JPMorgan is that things have changed a little bit in the way people own property, what they do with that property. This sharing economy. This Airbnb economy has given folks a new way to utilize real estate, whether it's investment property, vacation homes, or whatnot. There are restrictions essentially that don't allow these mortgages to be sold to entities like Fannie and Freddie. Perhaps there is some opportunity here. What do you think about this move by JPMorgan, does it make sense or is this an unnecessary risk?
Frankel: Yeah, I like this move and it's really important to point out to investors because when you hear alternative mortgages, especially if you were around before the financial crisis. You think of things like those interest-only loans, they used to sell the reverse amortization loans. The zero down loans that they were giving to people with 500 credit scores to buy four and five investment properties. I remember when I was in college I got pre-approved for like a $400,000 mortgage when I was waiting tables. In 2006, 2007, it was absolutely bananas who they were giving credit to and how much money they were willing to lend at that point. This is not that, alternative loans are making a comeback, but for two big reasons. I like that Jason just mentioned vacation and investment properties because there are new rules that govern how many, specifically the percentage of Fannie and Freddie's loans that can be of those two varieties. This was an obstacle when we just bought our second-home, not too long ago. That was a big obstacle to getting a mortgage for it. That Fannie and Freddie can't buy too many of them anymore, so you're seeing a lot of these alternative lenders step in and facilitate those.
No. 2, it's because of all these jumbo loans, as they're called, that you are seeing in the market. Home values are up by 20% or more in a lot of housing markets. The loan amounts are increasingly too big to be bought by Fannie and Freddie, so we're seeing a lot of these jumbo loans that would be part of this exchange that JPMorgan's investing in. There is going to be a growing need for this, especially if housing prices still go through the roof for a little while longer. But also because of these investments in vacation homes, because Fannie and Freddie just can't buy them as much anymore. It's definitely a need, and there needs to be a marketplace for vendors to buy and sell these because I'm sure after you refinance, you've got a letter saying your loan has been sold and here's where you send in your payment due now. I send my mortgage payments to Wells Fargo, that's not who I got the mortgage through.
Moser: No. We send ours now to Truist, I still can't get used to saying that. He was driving me not for this Matt. It looks like it goes to Truist, but we're still having to log into SunTrust. It's totally confusing. Thankfully, I got everything set up, it's just automatically paid, but we're still dealing with two brands here and BB, and T, and SunTrust. They haven't fully brought those together. I know that as a challenging deal. I remember working with Bank of America anytime there's a new bank brought into the system there, it wasn't like it just clicked a button overnight, everything was integrated. The integration takes forever. To your point, it does feel like they are filling a need. At the end of the day economics rule and where there is demand for something, someone's going to come in there with the supply. I certainly understand JPMorgan's angle from that perspective. To me, given what we know about this business, given what we know about who manages it and Jamie Dimon, CEO of the business. I don't look at this as a terribly risky endeavor. Now I could see managers that perhaps are a little bit more short-term focused.
It does seem like it could be a little bit risky making some bad decisions like insurance companies that are more patient and just don't chase business, and over the longer period of time, you will see that through their coverage ratio, it shows that they are efficient operators writing good business. Whereas insurance companies that chase bad business, that pans out of the numbers eventually. I think really I'd be concerned with banks chasing bad business, so to speak in this market. That would probably be something to keep an eye on. I don't know that really worrying about that from JPMorgan's perspective is something that should be top of mind right now though.
Frankel: My guess is they noticed this part of the mortgage business becoming more and more of their business. I guess the jumbo loans especially are really becoming more of a part of the business. This wanted to get ahead of the trend, it's my feeling on why they made this investment. They don't want this to happen without them if this becomes a really big part of the mortgage market. They're getting in on the ground.
Moser: Now, in the jumbo mortgage the minutes of really good point because that partly is a function of the market itself and as valuations rise, those jumbos ceilings need to rise as well or else you're just going to have fewer and fewer people that can even participate in the market to begin with. We've lived up here in northern Virginia for one or plus years or something, and it seems like every year that jumbo rates continue to go up and up and up.
Frankel: Your area is jumbo mortgage central order there.
Moser: It really is. That's just the standard almost as opposed to the exception. Well, Matt, before we take up, we've got two to watch for our listeners this week, a couple of stocks to get on the radar for one reason or another. What is the stock that you'll be watching this week Matt?
Frankel: I am watching a company called Seritage Growth Properties (NYSE: SRG) that we mentioned on the show several times before. They recently got a new CEO, which I'm a big fan of. She recently announced that they are going to sell 40-50 of their roughly 150 properties, so up to about a third of their portfolio is going to be put up for sale. Seritage's business model has always been to gradually sell-off non-core properties in order to reinvest the proceeds in redevelopment. Now it just sounds like they're just trying to get a big stockpile of cash all at once to really super charge their plans. I'm a big fan of this move. I think it sounds scary for it to be selling a third of its properties on the open market. But one, given today's real estate market this is the time to do it. If you have property down low, this is the time. But I think they're going to get some good valuations forums. I think they will have a lot of cash and just to see them finally really accelerate their development because they're realizing the slow and steady model that the company was founded on isn't really going to work.
Moser: Not necessarily technically financials related, but it's tied to real estate in a way, Matt. I'm keeping an eye on Wayfair (NYSE: W). This is a company I own shares in and as I've recommended in one of the services that I lead here at the Fool and just interesting conference they participated in last week, the Jefferies Digital Consumer Conference. There were just some numbers that stood out to me that reinforce why I don't want to sell my shares anytime soon. They talk about their market opportunity, the total available market they're addressing between Europe and North America at $840 billion with about 50-50 split there in both regions. I think that total addressable market, total available market, that doesn't necessarily mean they're chasing that entire pie. You want to focus maybe a little bit more on the addressable market regardless, $840 billion, even if you cut that in half. That's a lot of money and so a large market opportunity worth paying attention to, and then they had another data point here I thought was pretty fascinating. American Savings Accounts had gone from $800 billion pre-pandemic levels to over three trillion dollars post-pandemic with all of the stimulus and assistance that folks have been receiving over the past year, so certainly feels like there may be some pent-up demand out there. It also feels like Wayfair is going to be one of those networks that really helps provide for what folks want. You and I know that shopping for the home is a never ending endeavor, Matt. It never stops. I think Wayfair is one worth keeping an eye on. But Matt, I think that's going to do it for us this week. I really appreciate your jump in here as always, great stuff on the stress tests and we'll keep an eye on what those banks are doing later on during the week to see if there's any story we need to pick back up on next Monday.
Frankel: Always fun to talk to you.
Moser: Folks, remember you can always reach out to us on Twitter @MFIndustryFocus or you can drop us an email at industryfocus@fool.com. As always, people on the program may have interest in the stocks they talk about and The Motley Fool may have formal recommendations for or against. Don't buy or sell stocks based solely on what you hear. Thanks as always to Tim Sparks for putting the show together for us. For Matt Frankel, I'm Jason Moser. Thanks for listening and we'll see you next week.
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to its CEO, Mark Zuckerberg, is a member of The Motley Fool's board of directors. JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. Bank of America is an advertising partner of The Ascent, a Motley Fool company. Wells Fargo is an advertising partner of The Ascent, a Motley Fool company. Jason Moser owns shares of Alphabet (C shares), Ameris Bancorp, Mastercard, Square, Visa, and Wayfair. Matthew Frankel, CFP owns shares of Bank of America, Seritage Growth Properties (Class A), Square, and Wells Fargo. The Motley Fool owns shares of and recommends Airbnb, Inc., Alphabet (A shares), Alphabet (C shares), Facebook, Live Oak Bancshares, Mastercard, Netflix, Seritage Growth Properties (Class A), Square, and Visa. The Motley Fool recommends Ameris Bancorp and Wayfair. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | This essentially says that as long as a bank keeps a minimum amount of capital prescribed by the Federal Reserve based on its riskiness, it can pay whatever dividends and buy back as many shares as it comfortably wants to. If you're listening to this on iTunes or whatever, by the time you're hearing this, you might have noticed a bunch of press releases trickling out, and you might have been surprised that the size of them, and that's why because this year banks can really go-forward when it comes to returning capital to shareholders. American Savings Accounts had gone from $800 billion pre-pandemic levels to over three trillion dollars post-pandemic with all of the stimulus and assistance that folks have been receiving over the past year, so certainly feels like there may be some pent-up demand out there. | The Federal Reserve recently announced that all 23 banks subject to the 2021 stress tests passed with flying colors, clearing the way for dividend increases and new buyback plans. In this episode of Industry Focus: Financials, host Jason Moser and Fool.com contributor Matt Frankel, CFP, discuss these top stories and more. The Motley Fool owns shares of and recommends Airbnb, Inc., Alphabet (A shares), Alphabet (C shares), Facebook, Live Oak Bancshares, Mastercard, Netflix, Seritage Growth Properties (Class A), Square, and Visa. | Frankel: Without the big banking bailout, and they want the need for future bailout to these banks either. Is it one versus the other, or is it just they have some big banks, have some small banks, and that makes for a good combo? But it's important to point out that just because the smaller banks don't have to submit to the stress tests doesn't mean they can just do whatever they want. | But now banks can do whatever they want. I don't know. Frankel: I've gone three months at a time without using cash, and [laughs] one of the big reasons is companies like Visa and Mastercard. |
27786.0 | 2021-06-06 00:00:00 UTC | Validea's Top Five Financial Stocks Based On Joel Greenblatt - 6/6/2021 | ABCB | https://www.nasdaq.com/articles/valideas-top-five-financial-stocks-based-on-joel-greenblatt-6-6-2021-2021-06-06 | nan | nan | The following are the top rated Financial stocks according to Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. This value model looks for companies with high return on capital and earnings yields.
ACE CONVERGENCE ACQUISITION CORP (ACEV) is a small-cap value stock in the Misc. Financial Services industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: ACE Convergence Acquisition Corp. is a blank check company. The Company is created for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or other similar business combination with one or more businesses. It focuses for a target business in the information technology (IT) infrastructure software and semiconductor sector. The Company has no business operation. The Company has not generated any revenue.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of ACE CONVERGENCE ACQUISITION CORP
Full Guru Analysis for ACEV>
Full Factor Report for ACEV>
ATLANTIC CAPITAL BANCSHARES INC (ACBI) is a small-cap growth stock in the Regional Banks industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Atlantic Capital Bancshares, Inc. is the bank holding company for Atlantic Capital Bank (the Bank). The Bank operates as a commercial bank. The Bank provides an array of credit, treasury management and deposit products and services to growth businesses, middle market corporations, commercial real estate developers and investors, and private clients. Its wealth management division offers financial planning, trust administration, investment management, brokerage and estate planning services. It also provides selected capital markets, mortgage banking, and electronic banking services to its corporate, business and individual clients. Its private banking credit products include loans to individuals for personal and investment purposes, such as secured installment and term loans, and home equity lines of credit. Its specialty corporate financial services include payments industry banking, financial institutions banking, capital markets services and specialty commercial lending.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of ATLANTIC CAPITAL BANCSHARES INC
Full Guru Analysis for ACBI>
Full Factor Report for ACBI>
ALLEGIANCE BANCSHARES INC (ABTX) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Allegiance Bancshares, Inc. is a bank holding company. Through its subsidiary, Allegiance Bank (the Bank), the Company provides a range of commercial banking services primarily to Houston metropolitan area-based small to medium-sized businesses, professionals and individual customers. In addition to banking during normal business hours, the Company offers extended drive-in hours, automated teller machines (ATMs) and banking by telephone, mail and Internet. The Company also provides debit card services, cash management services and wire transfer services, and offers night depository, direct deposits, cashier's checks, letters of credit and mobile deposits. It also offers safe deposit boxes, automated teller machines, drive-in services and round the clock depository facilities. The Company maintains an Internet banking Website that allows customers to obtain account balances and transfer funds among accounts.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of ALLEGIANCE BANCSHARES INC
Full Guru Analysis for ABTX>
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AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Ameris Bancorp is a financial holding company. The Company's business is conducted through its banking subsidiary, Ameris Bank (the Bank), which provides a range of banking services to its retail and commercial customers. The Company operates through four segments: the Banking Division, the Retail Mortgage Division, the Warehouse Lending Division and the SBA Division. The Banking Division is engaged in the delivery of financial services, which include commercial loans, consumer loans and deposit accounts. The Retail Mortgage Division is engaged in the origination, sales and servicing of one- to four-family residential mortgage loans. The Warehouse Lending Division is engaged in the origination and servicing of warehouse lines to other businesses that are secured by underlying one- to four-family residential mortgage loans. The SBA Division is engaged in the origination, sales and servicing of small business administration (SBA) loans.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of AMERIS BANCORP
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ALLIANCEBERNSTEIN HOLDING LP (AB) is a mid-cap value stock in the Investment Services industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: AllianceBernstein Holding L.P. is engaged in providing research, investment management and related services to a range of clients through its three buy-side distribution channels: Institutions, Retail and Private Wealth Management, and its sell-side business, Bernstein Research Services. The Company offers a range of investment services, including equity strategies, with global and regional portfolios across capitalization ranges and investment strategies, including value, growth and equities; traditional and unconstrained fixed income strategies, including taxable and tax-exempt strategies; passive management, including index and enhanced index strategies; alternative investments, including hedge funds, fund of funds and private equity, and multi-asset solutions and services, including dynamic asset allocation, customized target-date funds and target-risk funds. The Company's services span various investment disciplines, including market capitalization, term and geographic locations.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of ALLIANCEBERNSTEIN HOLDING LP
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More details on Validea's Joel Greenblatt strategy
Joel Greenblatt Stock Ideas
About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. The "Magic Formula," as he called it, produced back-tested returns of 30.8 percent per year from 1988 through 2004, more than doubling the S&P 500's 12.4 percent return during that time. Greenblatt also produced exceptional returns as managing partner at Gotham Capital, a New York City-based hedge fund he founded. The firm averaged a remarkable 40 percent annualized return over more than two decades.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Detailed Analysis of ALLEGIANCE BANCSHARES INC Full Guru Analysis for ABTX> Full Factor Report for ABTX> AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. Detailed Analysis of AMERIS BANCORP Full Guru Analysis for ABCB> Full Factor Report for ABCB> ALLIANCEBERNSTEIN HOLDING LP (AB) is a mid-cap value stock in the Investment Services industry. The following are the top rated Financial stocks according to Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. | Detailed Analysis of AMERIS BANCORP Full Guru Analysis for ABCB> Full Factor Report for ABCB> ALLIANCEBERNSTEIN HOLDING LP (AB) is a mid-cap value stock in the Investment Services industry. Detailed Analysis of ALLEGIANCE BANCSHARES INC Full Guru Analysis for ABTX> Full Factor Report for ABTX> AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. Detailed Analysis of ACE CONVERGENCE ACQUISITION CORP Full Guru Analysis for ACEV> Full Factor Report for ACEV> ATLANTIC CAPITAL BANCSHARES INC (ACBI) is a small-cap growth stock in the Regional Banks industry. | Detailed Analysis of ALLEGIANCE BANCSHARES INC Full Guru Analysis for ABTX> Full Factor Report for ABTX> AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. Detailed Analysis of AMERIS BANCORP Full Guru Analysis for ABCB> Full Factor Report for ABCB> ALLIANCEBERNSTEIN HOLDING LP (AB) is a mid-cap value stock in the Investment Services industry. The Company's business is conducted through its banking subsidiary, Ameris Bank (the Bank), which provides a range of banking services to its retail and commercial customers. | Detailed Analysis of ALLEGIANCE BANCSHARES INC Full Guru Analysis for ABTX> Full Factor Report for ABTX> AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. Detailed Analysis of AMERIS BANCORP Full Guru Analysis for ABCB> Full Factor Report for ABCB> ALLIANCEBERNSTEIN HOLDING LP (AB) is a mid-cap value stock in the Investment Services industry. The following are the top rated Financial stocks according to Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. |
27787.0 | 2021-05-13 00:00:00 UTC | Trade Alert: The Independent Director Of Ameris Bancorp (NASDAQ:ABCB), Robert Ezzell, Has Sold Some Shares Recently | ABCB | https://www.nasdaq.com/articles/trade-alert%3A-the-independent-director-of-ameris-bancorp-nasdaq%3Aabcb-robert-ezzell-has-sold | nan | nan | We wouldn't blame Ameris Bancorp (NASDAQ:ABCB) shareholders if they were a little worried about the fact that Robert Ezzell, the Independent Director recently netted about US$570k selling shares at an average price of US$56.97. That sale reduced their total holding by 26% which is hardly insignificant, but far from the worst we've seen.
Ameris Bancorp Insider Transactions Over The Last Year
Notably, that recent sale by Robert Ezzell is the biggest insider sale of Ameris Bancorp shares that we've seen in the last year. So what is clear is that an insider saw fit to sell at around the current price of US$54.25. We generally don't like to see insider selling, but the lower the sale price, the more it concerns us. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.
All up, insiders sold more shares in Ameris Bancorp than they bought, over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date!
NasdaqGS:ABCB Insider Trading Volume May 13th 2021
If you are like me, then you will not want to miss this free list of growing companies that insiders are buying.
Does Ameris Bancorp Boast High Insider Ownership?
For a common shareholder, it is worth checking how many shares are held by company insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Ameris Bancorp insiders own about US$208m worth of shares (which is 5.5% of the company). I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
So What Do The Ameris Bancorp Insider Transactions Indicate?
An insider sold stock recently, but they haven't been buying. And our longer term analysis of insider transactions didn't bring confidence, either. On the plus side, Ameris Bancorp makes money, and is growing profits. The company boasts high insider ownership, but we're a little hesitant, given the history of share sales. So while it's helpful to know what insiders are doing in terms of buying or selling, it's also helpful to know the risks that a particular company is facing. To help with this, we've discovered 2 warning signs (1 is potentially serious!) that you ought to be aware of before buying any shares in Ameris Bancorp.
Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | We wouldn't blame Ameris Bancorp (NASDAQ:ABCB) shareholders if they were a little worried about the fact that Robert Ezzell, the Independent Director recently netted about US$570k selling shares at an average price of US$56.97. NasdaqGS:ABCB Insider Trading Volume May 13th 2021 If you are like me, then you will not want to miss this free list of growing companies that insiders are buying. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign. | We wouldn't blame Ameris Bancorp (NASDAQ:ABCB) shareholders if they were a little worried about the fact that Robert Ezzell, the Independent Director recently netted about US$570k selling shares at an average price of US$56.97. NasdaqGS:ABCB Insider Trading Volume May 13th 2021 If you are like me, then you will not want to miss this free list of growing companies that insiders are buying. Ameris Bancorp Insider Transactions Over The Last Year Notably, that recent sale by Robert Ezzell is the biggest insider sale of Ameris Bancorp shares that we've seen in the last year. | NasdaqGS:ABCB Insider Trading Volume May 13th 2021 If you are like me, then you will not want to miss this free list of growing companies that insiders are buying. We wouldn't blame Ameris Bancorp (NASDAQ:ABCB) shareholders if they were a little worried about the fact that Robert Ezzell, the Independent Director recently netted about US$570k selling shares at an average price of US$56.97. Ameris Bancorp Insider Transactions Over The Last Year Notably, that recent sale by Robert Ezzell is the biggest insider sale of Ameris Bancorp shares that we've seen in the last year. | We wouldn't blame Ameris Bancorp (NASDAQ:ABCB) shareholders if they were a little worried about the fact that Robert Ezzell, the Independent Director recently netted about US$570k selling shares at an average price of US$56.97. NasdaqGS:ABCB Insider Trading Volume May 13th 2021 If you are like me, then you will not want to miss this free list of growing companies that insiders are buying. Ameris Bancorp Insider Transactions Over The Last Year Notably, that recent sale by Robert Ezzell is the biggest insider sale of Ameris Bancorp shares that we've seen in the last year. |
27788.0 | 2021-05-10 00:00:00 UTC | Portugal's CGD relaunches sale of Brazilian bank, board member says | ABCB | https://www.nasdaq.com/articles/portugals-cgd-relaunches-sale-of-brazilian-bank-board-member-says-2021-05-10 | nan | nan | By Sergio Goncalves
LISBON, May 10 (Reuters) - Portugal's largest bank Caixa Geral de Depositos (CGD) is relaunching the sale of its Brazilian business as part of its strategy to streamline its international presence, executive board member Francisco Cary told Reuters on Monday.
This will be CGD's second attempt to sell its Brazilian lender after rejecting three binding offers at the end of 2019 because it said they did not reflect the real value of the bank.
Banco Caixa Geral-Brasil bank, which mainly serves corporate customers, held assets worth 1.35 billion reais ($256 million) at the end of 2020.
"BCG Brazil has continued to reconfigure and rationalise its structure and operations in 2020, and it has become evident that this is the opportune moment to test the market again, with the view of completing its sale," Cary said in an emailed statement.
CGD last week received the Portuguese government's green light for the sale of all or part of the Brazilian bank.
The three bidders in 2019 were: Brazilian investment firm Artesia Gestao de Recursos; Banco ABC Brasil ABCB4.SA, which is controlled by Bahrain's Arab Banking Corporation ABCB.BH; and Banco Luso Brasileiro, which is partly owned by Portugal's Amorim Group.
It is not yet known whether any of them will bid again.
CGD's profits fell 37% to 492 million euros ($598 million) in 2020, hit by the fallout from the coronavirus pandemic. Its common equity ratio, or CET1, rose to 18.3% from 16.9% a year earlier.
When the European Commission cleared CGD's 4 billion euro recapitalisation in 2017 on the grounds it did not involve any new state aid, it was agreed that the bank would cut its foreign assets by half by 2020.
CGD has since closed several branches abroad and shut down its subsidiaries in South Africa and Spain.
($1 = 5.2329 reais)
($1 = 0.8222 euros)
(Reporting by Sergio Goncalves; Editing by Victoria Waldersee, Ingrid Melander and David Clarke)
((sergio.goncalves@thomsonreuters.com; +351213509204; Reuters Messaging: sergio.goncalves.reuters.com@reuters.net))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The three bidders in 2019 were: Brazilian investment firm Artesia Gestao de Recursos; Banco ABC Brasil ABCB4.SA, which is controlled by Bahrain's Arab Banking Corporation ABCB.BH; and Banco Luso Brasileiro, which is partly owned by Portugal's Amorim Group. Banco Caixa Geral-Brasil bank, which mainly serves corporate customers, held assets worth 1.35 billion reais ($256 million) at the end of 2020. "BCG Brazil has continued to reconfigure and rationalise its structure and operations in 2020, and it has become evident that this is the opportune moment to test the market again, with the view of completing its sale," Cary said in an emailed statement. | The three bidders in 2019 were: Brazilian investment firm Artesia Gestao de Recursos; Banco ABC Brasil ABCB4.SA, which is controlled by Bahrain's Arab Banking Corporation ABCB.BH; and Banco Luso Brasileiro, which is partly owned by Portugal's Amorim Group. By Sergio Goncalves LISBON, May 10 (Reuters) - Portugal's largest bank Caixa Geral de Depositos (CGD) is relaunching the sale of its Brazilian business as part of its strategy to streamline its international presence, executive board member Francisco Cary told Reuters on Monday. Banco Caixa Geral-Brasil bank, which mainly serves corporate customers, held assets worth 1.35 billion reais ($256 million) at the end of 2020. | The three bidders in 2019 were: Brazilian investment firm Artesia Gestao de Recursos; Banco ABC Brasil ABCB4.SA, which is controlled by Bahrain's Arab Banking Corporation ABCB.BH; and Banco Luso Brasileiro, which is partly owned by Portugal's Amorim Group. By Sergio Goncalves LISBON, May 10 (Reuters) - Portugal's largest bank Caixa Geral de Depositos (CGD) is relaunching the sale of its Brazilian business as part of its strategy to streamline its international presence, executive board member Francisco Cary told Reuters on Monday. ($1 = 5.2329 reais) ($1 = 0.8222 euros) (Reporting by Sergio Goncalves; Editing by Victoria Waldersee, Ingrid Melander and David Clarke) ((sergio.goncalves@thomsonreuters.com; +351213509204; Reuters Messaging: sergio.goncalves.reuters.com@reuters.net)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | The three bidders in 2019 were: Brazilian investment firm Artesia Gestao de Recursos; Banco ABC Brasil ABCB4.SA, which is controlled by Bahrain's Arab Banking Corporation ABCB.BH; and Banco Luso Brasileiro, which is partly owned by Portugal's Amorim Group. By Sergio Goncalves LISBON, May 10 (Reuters) - Portugal's largest bank Caixa Geral de Depositos (CGD) is relaunching the sale of its Brazilian business as part of its strategy to streamline its international presence, executive board member Francisco Cary told Reuters on Monday. This will be CGD's second attempt to sell its Brazilian lender after rejecting three binding offers at the end of 2019 because it said they did not reflect the real value of the bank. |
27789.0 | 2021-05-09 00:00:00 UTC | Validea's Top Five Financial Stocks Based On Joel Greenblatt - 5/9/2021 | ABCB | https://www.nasdaq.com/articles/valideas-top-five-financial-stocks-based-on-joel-greenblatt-5-9-2021-2021-05-09 | nan | nan | The following are the top rated Financial stocks according to Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. This value model looks for companies with high return on capital and earnings yields.
ACE CONVERGENCE ACQUISITION CORP (ACEV) is a small-cap growth stock in the Misc. Financial Services industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: ACE Convergence Acquisition Corp. is a blank check company. The Company is created for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or other similar business combination with one or more businesses. It focuses for a target business in the information technology (IT) infrastructure software and semiconductor sector. The Company has no business operation. The Company has not generated any revenue.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of ACE CONVERGENCE ACQUISITION CORP
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ATLANTIC CAPITAL BANCSHARES INC (ACBI) is a small-cap growth stock in the Regional Banks industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Atlantic Capital Bancshares, Inc. is the bank holding company for Atlantic Capital Bank (the Bank). The Bank operates as a commercial bank. The Bank provides an array of credit, treasury management and deposit products and services to growth businesses, middle market corporations, commercial real estate developers and investors, and private clients. Its wealth management division offers financial planning, trust administration, investment management, brokerage and estate planning services. It also provides selected capital markets, mortgage banking, and electronic banking services to its corporate, business and individual clients. Its private banking credit products include loans to individuals for personal and investment purposes, such as secured installment and term loans, and home equity lines of credit. Its specialty corporate financial services include payments industry banking, financial institutions banking, capital markets services and specialty commercial lending.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of ATLANTIC CAPITAL BANCSHARES INC
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ALLEGIANCE BANCSHARES INC (ABTX) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Allegiance Bancshares, Inc. is a bank holding company. Through its subsidiary, Allegiance Bank (the Bank), the Company provides a range of commercial banking services primarily to Houston metropolitan area-based small to medium-sized businesses, professionals and individual customers. In addition to banking during normal business hours, the Company offers extended drive-in hours, automated teller machines (ATMs) and banking by telephone, mail and Internet. The Company also provides debit card services, cash management services and wire transfer services, and offers night depository, direct deposits, cashier's checks, letters of credit and mobile deposits. It also offers safe deposit boxes, automated teller machines, drive-in services and round the clock depository facilities. The Company maintains an Internet banking Website that allows customers to obtain account balances and transfer funds among accounts.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of ALLEGIANCE BANCSHARES INC
Full Guru Analysis for ABTX>
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AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Ameris Bancorp is a financial holding company. The Company's business is conducted through its banking subsidiary, Ameris Bank (the Bank), which provides a range of banking services to its retail and commercial customers. The Company operates through four segments: the Banking Division, the Retail Mortgage Division, the Warehouse Lending Division and the SBA Division. The Banking Division is engaged in the delivery of financial services, which include commercial loans, consumer loans and deposit accounts. The Retail Mortgage Division is engaged in the origination, sales and servicing of one- to four-family residential mortgage loans. The Warehouse Lending Division is engaged in the origination and servicing of warehouse lines to other businesses that are secured by underlying one- to four-family residential mortgage loans. The SBA Division is engaged in the origination, sales and servicing of small business administration (SBA) loans.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of AMERIS BANCORP
Full Guru Analysis for ABCB>
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ALLIANCEBERNSTEIN HOLDING LP (AB) is a mid-cap value stock in the Investment Services industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: AllianceBernstein Holding L.P. is engaged in providing research, investment management and related services to a range of clients through its three buy-side distribution channels: Institutions, Retail and Private Wealth Management, and its sell-side business, Bernstein Research Services. The Company offers a range of investment services, including equity strategies, with global and regional portfolios across capitalization ranges and investment strategies, including value, growth and equities; traditional and unconstrained fixed income strategies, including taxable and tax-exempt strategies; passive management, including index and enhanced index strategies; alternative investments, including hedge funds, fund of funds and private equity, and multi-asset solutions and services, including dynamic asset allocation, customized target-date funds and target-risk funds. The Company's services span various investment disciplines, including market capitalization, term and geographic locations.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of ALLIANCEBERNSTEIN HOLDING LP
Full Guru Analysis for AB>
Full Factor Report for AB>
More details on Validea's Joel Greenblatt strategy
Joel Greenblatt Stock Ideas
About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. The "Magic Formula," as he called it, produced back-tested returns of 30.8 percent per year from 1988 through 2004, more than doubling the S&P 500's 12.4 percent return during that time. Greenblatt also produced exceptional returns as managing partner at Gotham Capital, a New York City-based hedge fund he founded. The firm averaged a remarkable 40 percent annualized return over more than two decades.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Detailed Analysis of ALLEGIANCE BANCSHARES INC Full Guru Analysis for ABTX> Full Factor Report for ABTX> AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. Detailed Analysis of AMERIS BANCORP Full Guru Analysis for ABCB> Full Factor Report for ABCB> ALLIANCEBERNSTEIN HOLDING LP (AB) is a mid-cap value stock in the Investment Services industry. The following are the top rated Financial stocks according to Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. | Detailed Analysis of AMERIS BANCORP Full Guru Analysis for ABCB> Full Factor Report for ABCB> ALLIANCEBERNSTEIN HOLDING LP (AB) is a mid-cap value stock in the Investment Services industry. Detailed Analysis of ALLEGIANCE BANCSHARES INC Full Guru Analysis for ABTX> Full Factor Report for ABTX> AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. Detailed Analysis of ACE CONVERGENCE ACQUISITION CORP Full Guru Analysis for ACEV> Full Factor Report for ACEV> ATLANTIC CAPITAL BANCSHARES INC (ACBI) is a small-cap growth stock in the Regional Banks industry. | Detailed Analysis of ALLEGIANCE BANCSHARES INC Full Guru Analysis for ABTX> Full Factor Report for ABTX> AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. Detailed Analysis of AMERIS BANCORP Full Guru Analysis for ABCB> Full Factor Report for ABCB> ALLIANCEBERNSTEIN HOLDING LP (AB) is a mid-cap value stock in the Investment Services industry. The Company's business is conducted through its banking subsidiary, Ameris Bank (the Bank), which provides a range of banking services to its retail and commercial customers. | Detailed Analysis of ALLEGIANCE BANCSHARES INC Full Guru Analysis for ABTX> Full Factor Report for ABTX> AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. Detailed Analysis of AMERIS BANCORP Full Guru Analysis for ABCB> Full Factor Report for ABCB> ALLIANCEBERNSTEIN HOLDING LP (AB) is a mid-cap value stock in the Investment Services industry. The following are the top rated Financial stocks according to Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. |
27790.0 | 2021-04-24 00:00:00 UTC | Validea Martin Zweig Strategy Daily Upgrade Report - 4/24/2021 | ABCB | https://www.nasdaq.com/articles/validea-martin-zweig-strategy-daily-upgrade-report-4-24-2021-2021-04-24 | nan | nan | The following are today's upgrades for Validea's Growth Investor model based on the published strategy of Martin Zweig. This strategy looks for growth stocks with persistent accelerating earnings and sales growth, reasonable valuations and low debt.
CHOICEONE FINANCIAL SERVICES INC (COFS) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on Martin Zweig changed from 66% to 89% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: ChoiceOne Financial Services, Inc. is a bank holding company. The Company operates through banking segment. The Company's subsidiary, ChoiceOne Bank (the Bank), is a full-service banking institution that offers a range of deposit, payment, credit and other financial services to all types of customers. Its services include time, savings, demand deposits, safe deposit services and automated transaction machine services. It offers both commercial and consumer loans to corporations, partnerships and individuals. Commercial lending covers categories, such as business, industry, agricultural, construction, inventory and real estate. The Bank's consumer loan department makes direct and indirect loans to consumers and purchasers of residential and real property. The Bank's primary market area lies within Kent, Muskegon, Newaygo and Ottawa counties in Michigan. The Bank's subsidiary, Insurance Agency, sells insurance policies, such as life and health for both commercial and consumer clients.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: FAIL
INSIDER TRANSACTIONS: PASS
Detailed Analysis of CHOICEONE FINANCIAL SERVICES INC
Full Guru Analysis for COFS
Full Factor Report for COFS
AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Ameris Bancorp is a financial holding company. The Company's business is conducted through its banking subsidiary, Ameris Bank (the Bank), which provides a range of banking services to its retail and commercial customers. The Company operates through four segments: the Banking Division, the Retail Mortgage Division, the Warehouse Lending Division and the SBA Division. The Banking Division is engaged in the delivery of financial services, which include commercial loans, consumer loans and deposit accounts. The Retail Mortgage Division is engaged in the origination, sales and servicing of one- to four-family residential mortgage loans. The Warehouse Lending Division is engaged in the origination and servicing of warehouse lines to other businesses that are secured by underlying one- to four-family residential mortgage loans. The SBA Division is engaged in the origination, sales and servicing of small business administration (SBA) loans.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: PASS
SALES GROWTH RATE: PASS
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: FAIL
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: FAIL
LONG-TERM EPS GROWTH: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of AMERIS BANCORP
Full Guru Analysis for ABCB
Full Factor Report for ABCB
FIRST WESTERN FINANCIAL INC (MYFW) is a small-cap value stock in the Regional Banks industry. The rating according to our strategy based on Martin Zweig changed from 82% to 89% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: First Western Financial, Inc. is a financial holding company for First Western Trust Bank (the Bank), a private trust bank. The Company provides a fully integrated suite of wealth management services on the Bank platform. Its products and services include a comprehensive selection of deposit, loan, trust, wealth planning, and investment management. It provides a range of deposit products and services, such as demand deposits, interest- bearing transaction accounts, money markets accounts, time and savings deposits, and certificate of deposits. The Company offers commercial lending products that include commercial loans, business term loans, and lines of credit to small and midsized businesses. It also offers residential mortgage loans. It also provides treasury management, risk management, philanthropic services, and retirement consulting.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: FAIL
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of FIRST WESTERN FINANCIAL INC
Full Guru Analysis for MYFW
Full Factor Report for MYFW
FIRST FINANCIAL BANKSHARES INC (FFIN) is a mid-cap growth stock in the Regional Banks industry. The rating according to our strategy based on Martin Zweig changed from 77% to 85% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: First Financial Bankshares, Inc. is a financial holding company. The Company, through its subsidiaries, conducts commercial banking business. The Company's subsidiaries include First Financial Bank, National Association, Abilene, Texas; First Technology Services, Inc., Abilene, Texas; First Financial Trust & Asset Management Company, National Association, Abilene, Texas; First Financial Investments, Inc., Abilene, Texas, First Financial Insurance Agency, Inc., Abilene, Texas, Commercial Bancshares, Inc., and Commercial State Bank, Kingwood, Texas. Its loan portfolio consists of loans made to businesses, professionals, individuals, and farm and ranch operations located in the primary trade areas served by its subsidiary bank. Its securities available-for-sale include the United States Treasury securities, Obligations of the United States Government sponsored enterprises and agencies and Obligations of states and political subdivisions.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
P/E RATIO: PASS
REVENUE GROWTH IN RELATION TO EPS GROWTH: FAIL
SALES GROWTH RATE: FAIL
CURRENT QUARTER EARNINGS: PASS
QUARTERLY EARNINGS ONE YEAR AGO: PASS
POSITIVE EARNINGS GROWTH RATE FOR CURRENT QUARTER: PASS
EARNINGS GROWTH RATE FOR THE PAST SEVERAL QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN PRIOR 3 QUARTERS: PASS
EPS GROWTH FOR CURRENT QUARTER MUST BE GREATER THAN THE HISTORICAL GROWTH RATE: PASS
EARNINGS PERSISTENCE: PASS
LONG-TERM EPS GROWTH: PASS
INSIDER TRANSACTIONS: PASS
Detailed Analysis of FIRST FINANCIAL BANKSHARES INC
Full Guru Analysis for FFIN
Full Factor Report for FFIN
More details on Validea's Martin Zweig strategy
About Martin Zweig: During the 15 years that it was monitored, Zweig's stock recommendation newsletter returned an average of 15.9 percent per year, during which time it was ranked number one based on risk-adjusted returns by Hulbert Financial Digest. Zweig has managed both mutual and hedge funds during his career, and he's put the fortune he's compiled to some interesting uses. He has owned what Forbes reported was the most expensive apartment in New York, a $70 million penthouse that sits atop Manhattan's Pierre Hotel, and he is a collector of all sorts of pop culture and historical memorabilia -- among his purchases are the gun used by Clint Eastwood in "Dirty Harry", a stock certificate signed by Commodore Vanderbilt, and even two old-fashioned gas pumps similar to those he'd seen at a nearby gas station while growing up in Cleveland, according to published reports.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Detailed Analysis of CHOICEONE FINANCIAL SERVICES INC Full Guru Analysis for COFS Full Factor Report for COFS AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. Detailed Analysis of AMERIS BANCORP Full Guru Analysis for ABCB Full Factor Report for ABCB FIRST WESTERN FINANCIAL INC (MYFW) is a small-cap value stock in the Regional Banks industry. Its products and services include a comprehensive selection of deposit, loan, trust, wealth planning, and investment management. | Detailed Analysis of CHOICEONE FINANCIAL SERVICES INC Full Guru Analysis for COFS Full Factor Report for COFS AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. Detailed Analysis of AMERIS BANCORP Full Guru Analysis for ABCB Full Factor Report for ABCB FIRST WESTERN FINANCIAL INC (MYFW) is a small-cap value stock in the Regional Banks industry. Detailed Analysis of FIRST WESTERN FINANCIAL INC Full Guru Analysis for MYFW Full Factor Report for MYFW FIRST FINANCIAL BANKSHARES INC (FFIN) is a mid-cap growth stock in the Regional Banks industry. | Detailed Analysis of CHOICEONE FINANCIAL SERVICES INC Full Guru Analysis for COFS Full Factor Report for COFS AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. Detailed Analysis of AMERIS BANCORP Full Guru Analysis for ABCB Full Factor Report for ABCB FIRST WESTERN FINANCIAL INC (MYFW) is a small-cap value stock in the Regional Banks industry. The Company's business is conducted through its banking subsidiary, Ameris Bank (the Bank), which provides a range of banking services to its retail and commercial customers. | Detailed Analysis of CHOICEONE FINANCIAL SERVICES INC Full Guru Analysis for COFS Full Factor Report for COFS AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. Detailed Analysis of AMERIS BANCORP Full Guru Analysis for ABCB Full Factor Report for ABCB FIRST WESTERN FINANCIAL INC (MYFW) is a small-cap value stock in the Regional Banks industry. The following are today's upgrades for Validea's Growth Investor model based on the published strategy of Martin Zweig. |
27791.0 | 2021-04-23 00:00:00 UTC | Ameris Bancorp (ABCB) Q1 2021 Earnings Call Transcript | ABCB | https://www.nasdaq.com/articles/ameris-bancorp-abcb-q1-2021-earnings-call-transcript-2021-04-23 | nan | nan | Image source: The Motley Fool.
Ameris Bancorp (NASDAQ: ABCB)
Q1 2021 Earnings Call
Apr 23, 2021, 9:00 a.m. ET
Contents:
Prepared Remarks
Questions and Answers
Call Participants
Prepared Remarks:
Operator
Good morning, and welcome to the Ameris Bank First Quarter Conference Call. [Operator Instructions] After today's presentation, there will be an opportunity to ask question. [Operator Instructions]
I would now like to turn the conference over to Nicole Stokes, Chief Financial Officer. Please go ahead.
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Nicole S. Stokes -- Corporate Executive Vice President and Chief Financial Officer
Great. Thank you, Andrea, and thank you to all who have joined our call today. During the call, we will be referencing the press release and the financial highlights that are available on the Investor Relations section of our website at amerisbank.com. I'm joined today by Palmer Proctor, our CEO; and Jon Edwards, our Chief Credit Officer. Palmer will begin with some opening general comments, and then I'm going to discuss the details of our financial results before we open it up for Q&A.
Before we begin, I'll remind you that our comments may include forward-looking statements. These statements are subject to risks and uncertainties, and the actual results could vary materially. We list some of the factors that might cause results to differ in our press release and in our SEC filings, which are available on our website. We do not assume any obligation to update any forward-looking statement as a result of new information, early developments or otherwise, except as required by law.
Also during the call, we will discuss certain non-GAAP financial measures in reference to the company's performance. You can see our reconciliation of these measures and GAAP financial measures in the appendix to our presentation.
And with that, I'll turn it over to you Palmer for opening comments.
H. Palmer Proctor Jr. -- Chief Executive Officer
Thank you, Nicole, and good morning to everyone who's joined our call today. It's hard to believe at this time last year, we sat on this call with a lot of uncertainty about the pandemic and the economy. But the one thing I was certain about at that time was the ability of our team to survive really whatever the pandemic threw at us. And here we sit a year later, and I'm proud to say not only did we survive, but we actually thrived.
We've said consistently that we are focused on tangible book value growth to grow shareholder value. On the past year from March 2020 to March 2021, we increased our tangible book value by over 23.6%. We increased our TCE ratio by 4%, while assets grew over 17.5%, and we increased our allowance for loan losses by over 19%. In addition, we increased our diluted earnings per share 29% year-over-year from core operating results and that's exclusive of provision noise that's just pure core operating results. This type of success is due to the disciplined culture we've cultivated here at Ameris Bank. And having said that, from my preview, I'm really excited to share with you a few highlights of the quarter and an update on our outlook for the future.
For the quarter, we earned $115.7 million, or $1.66 per diluted share on an adjusted basis, which is up almost 200% from this time last year. This represents a 2.26% [Phonetic] return on average assets and 27.66% return on tangible equity. Our adjusted efficiency ratio improved from 59.87% reported first quarter last year to 54.62% this quarter. Due to improved economic conditions, we did reverse $28.6 million of provision for loan loss expense this quarter, and we realized a recovery of $10.6 million of previous service asset impairment. Exclusive of these positive events, our adjusted diluted EPS still exceeded expectations at $1.34 per share for the quarter.
Nicole is going to get into more of the financial details just a few minutes. On the balance sheet side of things, I was really pleased with our loan growth for the first quarter. Our annualized net loan growth was just over 3% after and that's after the PPP and our indirect runoff headwinds. We still expect to see mid to upper single-digit loan growth for the year as we look at our pipelines and opportunities within our markets. We continue to see strong deposit growth this quarter, and our non-interest bearing deposits are now over 38% of total deposits. Already touched on capital from a year-over-year perspective, just for the quarter, we saw great growth in TCE and tangible book value. During the first quarter, we grew tangible book value by $1.58 per share, or 6.7%, which is very strong.
Our TCE ratio increased to 8.62%, which is getting very close to our 9% goal. Our capital position remains strong and it's going to continue to support our future growth and opportunistic transactions. And while we do have a share repurchase program in place, we didn't buy anything back in the first quarter. And we really don't anticipate executing on this in the near future, but certainly like having the option to repurchase our shares at the right opportunity presents itself.
Jon Edwards, our Chief Credit Officer, is with us today and he's certainly available to take any credit questions after our prepared remarks. But I did want to hit a few high points in terms of credit. Our annualized net charge-off ratio decreased to 12 basis points of total loans compared to 70 basis points last quarter. Our non-performing assets as a percent of total assets improved 40 basis points compared to 48 basis points last quarter. Loans that remain on deferral at the end of the quarter for approximately 2% of total loans and that's down from approximately 19% of total loans at the end of the second quarter of 2020.
As you know, we have no exposure to oil and gas, and we've included additional details on our hotel exposure in the loan slides in our investor presentation, as well as the diversification that you'll see across all our loan types within the loan portfolio. And our allowance coverage ratio, excluding unfunded commitments was 1.29% net of our PPP loans in the quarter.
Just a quick update on COVID and PPP. During the first quarter, we opened all of our retail branches and lobbies and business and traffic, I might add, it is really picking up, especially in the Southeast. Vaccines are available to everyone over the age of 16, and they're easy to get. Most of the businesses that we're seeing are back open and we're even seeing new restaurants, for instance, coming in and taken over locations that were shuttered last year in the pandemic. So things definitely seen incrementally moving back the business around the Southeast. And we're just really fortunate to have a strong presence in many of these top growth markets.
As far as PPP, we receive payments and forgiveness of approximately $638 million on PPP round one loans, leaving [5:51] any balance of the 2020 rounds at $463 million. And we have the new round three outstanding balance of $329 million as of March 31st with about another $42 million funded so far this month in April. We anticipate opening the forgiveness portal for the new round three in the next few weeks. So far we've received over 5,600 applications. Our average loan size request has been around $73,000 with the second request averaging around $103,000. And new participants are first time request averaging around $21,000. So this is a much smaller average balance than we saw in round one, but it's helped increase the overall return. And that's a great lead in into the last thing I wanted to touch on, and that's ESG.
During the PPP process, Ameris had a specific outreach to our certain underserved communities and it was a great success. And that's just one example of how we've been working diligently on our ESG initiatives. In March 2020, we established our first Chief Governance Officer role, and then shortly thereafter announced our first Diversity Officer, Karlene Gordon. We have a management level ESG committee and that meets regularly and we report to the Board. And we're actually preparing our first Corporate Social Responsibility report or CSR as they call it. And we hope to have that out in public in the near-end of the second quarter. So we can share that with all our investors to show them everything we're doing on that front.
But I'll stop there and then I'll turn it over to Nicole to discuss our financial results.
Nicole S. Stokes -- Corporate Executive Vice President and Chief Financial Officer
Great. Thank you, Palmer. As you stated, for the first quarter, we earned a record $125 million, or $1.79 per diluted share. We reversed $28.6 million of provision for credit loss expense during the quarter due to those improving economic conditions. On an adjusted basis, we earned $115.7 million, or $1.66 per diluted share, when you exclude the recovery on the servicing asset impairment, the gain on BOLI and also the gain on sale of premises. So because there's been so much of the volatility in the provision, I thought I'd mentioned some pre-tax pre-provision adjusted numbers, where we earned $123.6 [Phonetic] million for the quarter compared to $89.4 million first quarter of last year, again, kind of taking out that provision noise that represents a 37% increase year-over-year from true core operating performance. And that's a direct result of the culture of discipline and focus that we've been talking about since the Fidelity acquisition.
Our adjusted return on assets in the first quarter was 2.26%, which was an increase from the 2.04% reported last quarter and 87 basis points reported this time last year. Our adjusted return on tangible common equity was 27.66% compared to 25.04% last quarter and 10.98% first quarter last year. Those increases in these ratios are due to the reverse provision for credit loss expense described above. However, excluding the reversal of provision in the MSR recovery, our core ROA was still were very robust at 1.83% [Phonetic] for the quarter.
As Palmer mentioned, tangible book value, we've remained focused on, that increased by $1.58 or 6.7% for the quarter from $23.69 to $25.27. For the year over the year, we increased that by $4.83, or 23.6% from the $20.44 [Phonetic] that it was this time last year. In addition, our tangible common equity ratio increased 15 basis points to 8.62% from 8.47% at the end of the year. The PPP loans and approximately $2 billion of excess liquidity in our balance sheet negatively impacted this ratio by 129 basis points. So excluding the PPP loans and the excess cash from total assets, our TCE here would have been approximately 9.9% at quarter end, which is well above our stated target of 9%. Having said that, you can see that we continue to be well capitalized and we feel comfortable with our capital and our dividend level.
Moving on to margin. As expected, our net interest margin declined by 7 basis points from 3.64% to 3.57% during the quarter. Our yield on earning assets declined by 13 basis points, while our total funding cost decreased 6 basis points, but our total interest-bearing deposit costs decreased 9 basis points. The approximate $2 billion of excess liquidity in our balance sheet negatively affected our margin by 24 basis points. Those 24 basis points were offset by the increase in yield on loans both held for sale and investment including PPP accretion for that net decline of 13 basis points that I previously mentioned.
We continue to stay focused on our deposit costs. But the real driver to an improving margin going forward is putting that excess liquidity to work, which we anticipate occurring over the next three quarters. We've already mentioned that we reversed the $28.6 million of provision expense for the quarter due to improvement in the economy, particularly our economic forecast related to unemployment and GDP and the CRE Index.
We continue to carry qualitative factors on various segments of our portfolio to include commercial real estate mortgage and hotels. Our ending allowance for loan loss was $178.6 million compared to $199.4 million at the end of the year and $149.5 million at the end of the first quarter last year with the pandemic has just begun. Including the unfunded commitment reserve and allowance for other credit losses, our total allowance for credit losses of $200.2 million at quarter end compared to $233.1 million at the end of the year and $167.3 million at March of last year.
Non-interest income remained strong this quarter due to the continued elevated production in the mortgage division, kind of taking out the MSR noise of an impairment prior quarters and the recovery this quarter. And then the non-recurring gain on BOLI, that's also a non-interest income. If you take out all that noise, non-interest income increased 39% from first quarter last year to first quarter of this year.
Mortgage production was right at $2.6 billion for the quarter compared to $2.8 billion last quarter. And the gain on sale decreased to 3.95% compared to 4.34% last quarter. The open pipeline at the end of the quarter was 16% higher than at the end of the year, finishing at $2.3 billion compared to even $2 billion at year-end. While we do see production slowing later in the year, kind of quote Palmer from last quarter, we really don't foresee a cliff dive there. But we do continue to monitor it.
Moving on to expenses. Total non-interest expense continue to decline this quarter from $151 million last quarter to $148.8 million, almost $149 million this quarter. Last quarter, I guided that we would continue to prudently exam non-interest expense and anticipated minimal increases in the core bank. So I was really pleased with our efforts here this quarter and our determination to find ways to pay for new initiative. As a result, expenses in the banking division declined $2.3 million during the quarter, and our efficiency ratio in that division improved by over 200 basis points. We continue to watch efficiency -- efficiency ratio by division, very, very closely.
Overall for the company, our adjusted efficiency ratio increased this quarter to 54.62% from the 52.67% last quarter, but declined from the 59.87% reported this time last year. I previously guided for the efficiency ratio to stabilize in the 53% to 55% range, because we really don't anticipate the previous level of mortgage revenue and efficiency to be sustainable. So we came in right in line with that guidance. However, we do continue to monitor the variable cost in the mortgage division and we anticipate those reducing down as production declines in the second half of the year.
On the balance sheet side, we ended the quarter with assets of $21.4 billion, compared to $20.4 billion at year-end. We were pleased with our organic loan growth of $118.9 million or 3.3% annualized for the quarter. As you can see on Slide 14 in our slide deck, we had about $294 million of headwind against significant growth in CRE, Residential and our new C&I division. We believe the decline in C&D and warehouse lines are could be cyclical and we could see further growth over the remainder of the year, although we are watching this warehouse lines to determine it's actually cyclical or that's the beginning of the trend.
We already discussed the excess liquidity that you can see in the other earning assets on the balance sheet due to the tremendous deposit growth this quarter. We grew deposits $918 million or 22% annualized, and over 71% of that deposit growth was in non-interest bearing deposits. While we did have the expected seasonal runoff, we also had approximately $900 million in extra PPP funds and stimulus money came in. So now the real question is, how fast can we put that liquidity to work? We continue to anticipate net loan growth, net of PPP activity for the year in the mid single-digits, kind of that 5% to 7% range, which is about $1 billion of growth. So that $2 billion of excess liquidity, we've got $1 billion going into loans, and that leaves about $1 billion of excess cash to prepare for any deposit run-off that we might see from that PPP funds being deployed or the stimulus money being used. And also as we begin to buy investments as rates become more appealing.
So to wrap up, we're excited about the remainder of 2021. Some of the best markets in the Southeast, life is getting back to normal and businesses are starting to grow. We're protecting our margin as much as possible and we're ready to utilize this excess liquidity to fund loan growth. Mortgage and fee income remained strong, and expense control is as always part of our company's DNA.
I appreciate everyone's time today. And with that, I'll turn the call back over to Andrea to open up the Q&A session. Thank you, Andrea.
Questions and Answers:
Operator
We will now begin the question-and-answer session. [Operator Instructions] And our first question will come from Casey Whitman of Piper Sandler. Please go ahead.
Casey Whitman -- Piper Sandler -- Analyst
Hi, good morning.
Nicole S. Stokes -- Corporate Executive Vice President and Chief Financial Officer
Good morning, Casey.
Casey Whitman -- Piper Sandler -- Analyst
Good morning. I guess, I'd start. Nicole, thanks for that loan growth guide you just gave. With regards to that. I think you guys may have sold off some more of the consumer loans this quarter. Can you tell us how much that was? And should we expect you to maybe continue to sell some of that off, I guess, on top of the auto run-off, and I'm assuming that that is part of the 5% to 7% growth expectation you just gave.
Nicole S. Stokes -- Corporate Executive Vice President and Chief Financial Officer
Correct. It is included in that. So we -- the only portfolio that we sold this quarter, we had already moved to held for sale in the fourth quarter of last year. So it did not come out of the held for sale -- I'm sorry, out of the held for investment this quarter. And we do not anticipate any other loan sales. So that was the same loan sale that we talked about last quarter transferring into held for sale, and then it went out of held for sale this quarter.
Casey Whitman -- Piper Sandler -- Analyst
Okay, got it. And so it's really just the indirect auto run-off still happening to offset --
Nicole S. Stokes -- Corporate Executive Vice President and Chief Financial Officer
That's right. And that slowed our indirect run-off if you think back closer to July of 2019, when we first acquired Fidelity, that was running off in about $139 million to $140 million a quarter, that has slowed to about $100 million a quarter, and our portfolio there down to less than $500 million. So we do have that headwind slowing, and we are almost -- eventually going to get down to kind of just that little tail end of it.
Casey Whitman -- Piper Sandler -- Analyst
Okay, got it. Makes sense. And then maybe just kind of a housekeeping question on PPP for you guys. The new $350 million or so in 2021, originations in the latest round, do you have the associated fees with the new originations?
Nicole S. Stokes -- Corporate Executive Vice President and Chief Financial Officer
Sure. So on the PPP round three, we have $17 million of deferred fees -- $17.4 million of deferred fees on round, where we're going to call around three. And then on round one and two, which is both of the 2020 rounds, some people call it 1A and 1B. We have about $8.5 million left there. So total deferred fees are just about $25 million to $26 million.
Casey Whitman -- Piper Sandler -- Analyst
Got it. Thank you, guys.
Nicole S. Stokes -- Corporate Executive Vice President and Chief Financial Officer
Sure. Thank you.
Operator
The next question comes from Brady Gailey of KBW. Please go ahead.
Brady Gailey -- KBW -- Analyst
Hey, thank you. Good morning, guys.
Nicole S. Stokes -- Corporate Executive Vice President and Chief Financial Officer
Good morning.
Brady Gailey -- KBW -- Analyst
I mean, mortgage still remains very robust for you all which is great to see. And I keep thinking it's got to slow down at some point, but, yeah, just it's still feels like it's pretty robust. And any color just on what you're seeing within mortgage today and any sort of idea of when you think mortgage could start to normalize lower?
H. Palmer Proctor Jr. -- Chief Executive Officer
Good morning, Brady. It's Palmer. I will tell you that as we've said all along, and Nicole mentioned in her comment with the way our mortgage shop is set up, there was never going to be a cliff dive, which I think based Mortgage Bankers Association numbers, you would expect that we didn't see that and nor did the industry see that. I can tell you that the second quarter in terms of our pipeline now we've had a strong April, and things look positive there. The second half of the year is hard to predict at this point. But I think mortgage will continue to deliver end of the second half. But one of the things we're probably most encouraged with as of recent, if you look at our current production, 74% now of our production was purchase business, which is really encouraging. We had so much refi business, all of us had as an industry. So it's nice to see that purchase coming back and with the demand for housing, and especially in all the growth markets where we're in. I think that housing sector will continue to deliver for banks through the remainder of the year albeit at a tempered pace as we move into the second half of the year of 2021.
Brady Gailey -- KBW -- Analyst
All right. That's helpful. The next I just wanted to ask about the continued opportunity to take market share. We saw state sell the cadence now, cadence is sold to BancorpSouth, you even saw it's much smaller deal that SouthCrest sold to Colony last night, I mean there just continues to be a lot of dislocation, especially in the Atlanta market. Can you just talk about the opportunity to continue to hire away and steal market share versus the opportunity to do something more transformational via some sort of M&A transaction?
H. Palmer Proctor Jr. -- Chief Executive Officer
Yeah. I think when people think of transformational, they think of the immediately a larger transaction. I think the transformational is something that takes place over time. And I think that's more sustainable transformation. And that's kind of how we look at things. But first and foremost, we focus on our organic growth internally and our ability to generate that growth, which I think we have delivered to the market. And I think what happens is when you have disruption, like we're seeing throughout the market, that's really music to our ears in terms of opportunity. And we now have people positioned in place. I couldn't be more excited about the potential we have for the commercial growth too, which we have been talking about and making significant investment in, and that's beginning to deliver for us. And I think we'll see that accelerate as we get into the second half of the year, primarily due to two things: number one is the disruption that you mentioned and number two is the improvement in economy. And you put those things together across our footprint is pretty meaningful. And then, on top of that, if you layer in opportunities, M&A opportunities, I think that can further supplement our efforts there. But disruption, it is good for us, primarily because we're positioned well to take advantage of it, and we'll continue to do that. And we'll do that in form of organic growth, and then certainly explore M&A opportunities ourselves.
Brady Gailey -- KBW -- Analyst
All right. And then finally for me, maybe just for Nicole. So, you mentioned that you have $2 billion of excess liquidity, half of that will hopefully go into the loan book. That leaves you another $1 billion to maybe put in the bond book is -- I know bond rates are up some, but they're still pretty low. What are your thoughts on kind of when you pull the trigger to deploy that cash into the bond book? Is it now or do you wait for rates to go up a little more?
Nicole S. Stokes -- Corporate Executive Vice President and Chief Financial Officer
So, Brady, we are probably, and we would like to wait a little bit longer. We would like rates to go up a little bit more. And here's my logic there. And while we do have $1 billion, again, the $2 billion minus $1 billion of loan growth and we've got about $1 billion left and what we're going to do with that. We do anticipate some deposit run-off as things start to get back to normal, people start using that money. So we do anticipate some of that and we do, are starting to look at some purchases and some other investments. The piece that we're holding back on is right now with the yields that you can get at that duration. When you not -- when rates do go up, we would be sitting, we feel like we will be sitting in an unrealized loss position on those purchases. And that's going to come through OCI and that's going to be a negative to tangible book value, eventually. And so for the little incremental that we could get today on a bond purchase versus that longer-term outlook on the effect that it could have on tangible book.
We've said repeatedly that we're focused on tangible book value growth. So I don't want to make a short-term -- the short-term decision today for a very small increase in my margin. If there is other things that we can do, we've continued to grow net interest income NII dollars. So we feel like as well with the mortgage portfolio as we continue to have that and have that mortgage loans held for sale, you'll see that doubled up a little bit more this quarter. We did that on purpose to kind of let that grow a little bit because we can get a much better yield there than then what we can bond portfolio. So as rates come down and we start that may be the mortgage loans on held for sale come down at that same time rates are going up. So short answer is that we probably need another 25 basis points to 50 basis points from what we can get today would be our preferred that we may start buying a little bit ahead of that.
Brady Gailey -- KBW -- Analyst
Great. Thanks for the color, guys.
H. Palmer Proctor Jr. -- Chief Executive Officer
Thank you.
Operator
Our next question comes from Jennifer Demba of Truist. Please go ahead.
Jennifer Demba -- Truist Securities -- Analyst
Thank you. Good morning.
Casey Whitman -- Piper Sandler -- Analyst
Good morning.
H. Palmer Proctor Jr. -- Chief Executive Officer
Good morning.
Jennifer Demba -- Truist Securities -- Analyst
Could you give us an update on your C&I lending efforts, Palmer, and how that's going versus your internal budget and what opportunities do you see in the future if there are more hiring opportunities, or you're happy with the team you have here?
H. Palmer Proctor Jr. -- Chief Executive Officer
Jennifer, I'm sorry, I missed the first part of your question. It was kind of muffled. Can you repeat it for me please?
Jennifer Demba -- Truist Securities -- Analyst
Yeah. I'm sorry. Could you give us an update on your C&I lending progress today, and how that has panned out versus plan? And if you plan on making any more hires in that area? Thanks.
H. Palmer Proctor Jr. -- Chief Executive Officer
Sure. Thank you. When you look at C&I as I mentioned, that's probably where I'm really encouraged. Our pipeline right now is at an all time high. As we sit here today and I know loan growth is key to everybody's future success going forward, and I'm pleased to say that we are at an all-time high on our pipeline. We are certainly seeing a lot of activity in several different sectors. In terms of hiring, we did hire another three C&I lenders of this quarter and those continue to be opportunistic for us throughout the footprint. We've got a couple of opportunities in Atlanta now. And then we also had another hire down in the Jacksonville market, and two in the Carolinas this past quarter. So, we really feel good about that and the momentum that we're building there, and I think we'll start -- we'll start seeing a lot more of that. And keep in mind too, as we've touched on it, that's a slower growth model with the C&I initiative, but it's more meaningful in terms of relationships versus transactions. And at the same time, we certainly have a robust pipeline in the CRE initiatives. So we're just fortunate that we're seeing all this activity it's picking up considerably throughout the Southeast and we're going to take advantage of that.
Jennifer Demba -- Truist Securities -- Analyst
Okay. Thanks a lot.
H. Palmer Proctor Jr. -- Chief Executive Officer
You bet. [Phonetic]
Operator
The next question comes from Brody Preston of Stephens. Please go ahead.
Brody Preston -- Stephens, Inc. -- Analyst
Hey, good morning, everyone.
Nicole S. Stokes -- Corporate Executive Vice President and Chief Financial Officer
Good morning.
H. Palmer Proctor Jr. -- Chief Executive Officer
Good morning.
Brody Preston -- Stephens, Inc. -- Analyst
Nicole, just a quick question, do you have the average PPP loan balances by any chance?
Nicole S. Stokes -- Corporate Executive Vice President and Chief Financial Officer
I do. Our average balances for round one and two for the first quarter was $618.6 million. And when I say one and two, that's kind of the 2020 1A, 1B. And then PPP round three was $146 million average. So, our total average was $765 million.
Brody Preston -- Stephens, Inc. -- Analyst
Okay. All right. Great. Thanks.
Nicole S. Stokes -- Corporate Executive Vice President and Chief Financial Officer
Yeah.
Brody Preston -- Stephens, Inc. -- Analyst
So, I wanted to ask then, so when I back that out, right, you get to, like, call it like a 4.35% core loan yield when you back out PPP. And so, I wanted to ask just the new production yields, I think, I have come down about 20 basis points or so since the third quarter of last year and now about 3.80%, at least from the banking division. And so, I wanted to ask, like, where do you see that core loan yield kind of trending as we head forward for the rest of the year, just given that dynamic?
Nicole S. Stokes -- Corporate Executive Vice President and Chief Financial Officer
Sure. There's a couple things there. We do our loan production yield, our new production did kind of come down this quarter. But a lot of that when you think about it is because of the pipeline. And so the pipeline that was already there funded in the first quarter. So what we're seeing kind of coming in the pipeline now is more stable, and maybe even a little bump up. Now, we're starting to see some competitive pressure on those yields coming in. We've had a couple of people in our markets and other players that have kind of been out and they're starting to come back in. So we're starting to see some competitive pressure that's offsetting where we really think some of the yields would have -- those production yields would have gone up. So kind of having those stabilized going forward. So on the loan portfolio, just straight loan portfolio, taking out kind of the PPP, we could anticipate potentially 4 basis points. I shouldn't be that exact. I should say 3 basis points to 5 basis points of kind of compression from the loan portfolio. But we also feel like we have 2 basis points to 4 basis points of additional deposit cost savings. So, those almost offset.
Brody Preston -- Stephens, Inc. -- Analyst
So I guess ex-PPP, you're looking for the core margin to be flat to down slightly from here?
Nicole S. Stokes -- Corporate Executive Vice President and Chief Financial Officer
That's right. ex-PPP, probably one more quarter at least of some compression. With PPP, we're saying kind of that same 5 basis points to 7 basis points, kind of mid to high single-digits. I'll say there's two wildcards there, really, Brody. One is that use of excess liquidity and how quickly loan growth comes in the second quarter. And then the other wildcard is PPP and how quickly that pays off.
Brody Preston -- Stephens, Inc. -- Analyst
Got it. Thank you for that. And then just on the growth that you have this quarter, commercial growth when you kind of add up the commercial categories, ex the business lines was solid. But the bulk of that was obviously carried by CRE. And when I'm sort of look at the breakdown, it's office, it's retail, and particularly office specifically grew by about 20% in the linked quarter. And so, I just wanted to ask where is this growth sort of coming from a geographic perspective? And sort of what gives you comfort originating these loans, just given all the work from home fears? And then, if you could provide some detail as to what the office exposure looks like? Is it like single tenant lawyers or is it bigger office building, just give us a sense there?
H. Palmer Proctor Jr. -- Chief Executive Officer
Okay. That's fine. So, the geographic dispersion is still very good. And if you think through some of the hires that we have been able to bring in over the last year in Tampa and Jacksonville and Charlotte and been around, and so we've been able to get business and new business in those marketplaces. So, it's been a pretty well diverse market.
So the types of loans, they have been from really MLB, medical office buildings to larger offices, really. But they've been -- we really have tried to stick to essential businesses, suburban, mid-rises is occasionally an OK product, but if we can stick to a long-term lease with a group of businesses that have been there for quite a while and have an essential function in that market, then we feel better about it. And that's kind of how we've tried to stick to the underwriting on those.
Brody Preston -- Stephens, Inc. -- Analyst
Okay. Great. And then could you provide some thoughts around the growth outlook for some of your business line portfolios, particularly Premium Finance?
H. Palmer Proctor Jr. -- Chief Executive Officer
Yeah, I think Premium Finance, what you'll find is, it's been very consistent. I think it will continue to be a steady provider for us. So that asset class, we feel very comfortable with in terms of our ability to continue to generate sustainable revenue there. The one that oftentimes won't reflect a lot of growth, but reflects a lot of productivity is the residential construction lending group. And because, as you well know, our inventory has been so low and how quickly things are turning, there's been tremendous income generated out of that division, but the growth won't be there. And that's a sign of just an overly healthy market right now, housing market. So, we continue to see that as a real plus.
Nicole mentioned the flexibility we've got with the mortgage portfolio and the held for sale and our ability to utilize that to our advantage. The C&I growth will continue. And as I mentioned, that's where a lot of our focus is. It does take longer, but we're encouraged by what we're seeing there. And a lot of that is due to some of the new hires that we brought onboard over the last 12 months. And then -- and we're fortunate to be in all of our markets, I mean, growth markets for the most part. So, the CRE that Jon touched on will still be a very viable product for us as well.
SBA is one that we want to ramp up. I think there are going to be some additional very meaningful programs coming out of SBA and we want to make sure we get our fair share of that. We've not had the growth there that [Indecipherable] have seen, but I think you'll see a continued focus on that, which ought to be meaningful as well as we go forward in terms of generating some good non-interest income. I think that pretty much breaks down all of our asset classes there for you.
Brody Preston -- Stephens, Inc. -- Analyst
Yeah. Thank you for that. Nicole, what was the dollar amount of the seasonal increases for expenses for both the core bank and the business lines? And does that come out of the run rate in the second quarter?
Nicole S. Stokes -- Corporate Executive Vice President and Chief Financial Officer
Sure. So what we had in the mortgage, we had about $1.3 million of payroll taxes that hit in the first quarter that will taper off as the year goes by. And then in the core bank, we had about $1.8 million to $2 million of those payroll taxes.
Brody Preston -- Stephens, Inc. -- Analyst
Okay. Great. And then I do just have one last one. And I appreciate you taking all my questions. Palmer, just want to follow-up on the M&A. So, the bigger deals that we've seen, the buyers have lagged and I think the MOE types with higher execution risk. So, I just wanted to ask you, have your thoughts changed as you're seeing all these deals kind of hit the tape? Or are you thinking along the same lines kind of that smaller $2.5 billion, $3 billion, $4 billion kind of deal bolt-on that would maybe enhance Ameris a little bit? And if you could just provide some thoughts on the type of bank that you'd be looking to acquire in the current environment, I'd appreciate it.
H. Palmer Proctor Jr. -- Chief Executive Officer
Sure. And I think we've been pretty consistent on this. We've kind of said our sweet spot is really between $3 billion and $10 billion. I will tell you, having said that, regardless of whether it's a $10 billion bank or a $3 billion bank, we're not going to do anything that would take on excessive execution risk, nor anything that wouldn't be accretive to our organization. Now, we are very strategic in the way we look at M&A. And so, as I've said before, it helps us garner additional market share in some meaningful markets or if we need it or if it provides and helps further a line of business that we're interested in growing, those are certainly some opportunities for us, for banks that are within that space. There are probably some other non-bank opportunities that may be out there as well. So, we're going to remain consistent in our approach there in terms of making sure whatever we do is strategic and that it fits into our overall plan. And I do think there will be some meaningful opportunities out there, but it's going to have to be the right one. It's going to need to be a cultural fit, and it's going to need to -- it's going to need to be able to further our strategic initiatives.
Brody Preston -- Stephens, Inc. -- Analyst
Got it. Thank you very much for taking my questions. And I appreciate it.
H. Palmer Proctor Jr. -- Chief Executive Officer
Thank you.
Nicole S. Stokes -- Corporate Executive Vice President and Chief Financial Officer
Thank you, Brody.
Operator
Our next question comes from David Feaster of Raymond James. Please go ahead.
David Feaster -- Raymond James -- Analyst
Hey, good morning, everybody.
Nicole S. Stokes -- Corporate Executive Vice President and Chief Financial Officer
Hey, good morning, David.
David Feaster -- Raymond James -- Analyst
I just wanted to start on loan production and kind of what you're seeing there. Obviously, it's a bit slower than we had in the fourth quarter. Still trending below pre-pandemic levels, but it's extremely encouraging to hear about the pipeline, especially the C&I pipeline. I'm just curious how much of the slower production was a distraction from PPP and just whether you'd expect that to reaccelerate back north of fourth quarter levels or even closer to pre-pandemic levels, kind of north of $900 million.
H. Palmer Proctor Jr. -- Chief Executive Officer
Well, I think the opportunity is for all banks out there right now. First quarter is typically seasonally a slower quarter to begin with. So, we need to be mindful of that. And then second, you parlay on top of that, the whole issue with the pandemic and PPP. I would like to say that we were a 100% strength of our PPP, that is not the case. We had several people that were obviously wearing two hats and helped them out with PPP in addition to their day jobs and everybody pitched into get that done. And it was a meaningful effort. And I commend the industry for stepping up and making it all happen. With that being said, what we've been able to do is kind of take advantage of this pandemic time to bring in new talent and also to build up the commercial opportunities. So we've been out actively calling, I think, when lot of people who have been focused more inwardly, we were out calling. And I think what we're starting to see is those pipelines that have been built, that doesn't happen overnight. It takes, as you well know, 60 to 90 days to kind of get things going. And we're now in that 60 to 90-day period. So that's the benefit and the list we're seeing in the pipeline. And then, you compound that with what we all hope is going to be an improvement in economy between now and the end of the year. I think you'll see accelerated growth as we get into the second half of 2021. We'll probably pre-empt that a little bit in second quarter, just given our current pipeline. And we're probably about a quarter ahead of most. But I think for everybody, second half of the year looks pretty opportunistic for all of us.
David Feaster -- Raymond James -- Analyst
Okay. That's great. And I guess just where are we at kind of in the migration of the new PPP clients that you -- just where are we at in bringing those over? And then, just how much of your pipeline you think is -- this growth is from either new clients coming over versus improved sentiment and improved demand and existing clients being ready to invest?
H. Palmer Proctor Jr. -- Chief Executive Officer
Well, like most banks, we did a lot of outreach that touched on with this round three, but the majority of most banks' production, ours included, about 80% of it remains with existing customers. The other 20% was new customers. And some of them meaningful customers. They're all meaningful. Any customer is. But I think in terms of moving the needle, I have not witnessed the huge lifts that I've heard others talk about. I don't know if I've seen it, and others either, in terms of a huge in migration of new customers as a result of PPP. We certainly have garnered new customers and value those customers, but it has not been -- I wouldn't hang our hat on the growth coming from that, that 20%. So, what we're doing is taking care of the PPP customers, embracing the new ones that came in, but more importantly, going out and hunting for new customers. And I think that's the opportunity that exists for our bank right now with all the disruption in our markets. So, I would tell you that we remain pretty much focused and the way we've always been in terms of our outreach of maintaining and retaining existing customers, but more importantly, going out and trying to identify new opportunities.
David Feaster -- Raymond James -- Analyst
Okay. That's great. And then, just curious, I wanted to touch on asset quality. And just maybe if you could give us some detail on what drove that increase in criticized balances? And then just how you think about the reserve going forward. It sounds like there's still a decent amount of qualitative factors there. I guess, would you expect to kind of maintain the reserve ratio here, exclusively PPP? Or do you see opportunity for maybe some additional reserve releases, or you can just growing into the reserve?
H. Palmer Proctor Jr. -- Chief Executive Officer
Yeah. Let me take that in reverse. So, the reserve being built off of the -- primarily on the forecast models, as those continue to improve and businesses get back to work, I think we are -- we certainly are under pressure for release. We really don't want to do that. And so we are looking at opportunities that are within the CECL framework to hold on to the reserves, but forecast models generally kind of drive the day and a lot of that. The first part, tell me again the first part of the question.
David Feaster -- Raymond James -- Analyst
Yeah. Just asset quality and trends you're seeing and then what drove the increase in criticized?
H. Palmer Proctor Jr. -- Chief Executive Officer
Yeah. Thank you. The criticized increase in the first quarter was really just two relationships, both of which were really single loans. One was an ALF, one was an hotel, and they were both still impacted by COVID restrictions slowed lease-up. And so it was not anything that was systemic by any stretch. It was just kind of extraordinary to those two properties. And I will say, as we look at out, most all of the deferrals we did on hotels were through the middle of this year, which is coming up on us very quickly. So, I think we've got, as we approach that and we kind of finalize what these customers are going to be able to do going forward and whether or not they've reached sort of that breakeven or back to profitability. We'll see some opportunities, I believe, for improvement in the watch list just because we had so many hotels that comprise the watch list. And we're really at that point where we did the kind of the final deferrals on those. So, we'll be watching that very, very closely this next quarter.
David Feaster -- Raymond James -- Analyst
Okay. Thank you.
H. Palmer Proctor Jr. -- Chief Executive Officer
Thank you.
Operator
The next question comes from Christopher Marinac of FIG Partners. Please go ahead.
Christopher Marinac -- FIG Partners -- Analyst
Hey, thanks, good morning. Just wanted to follow-up on the mortgage gain on sale this quarter. And going forward, is some of the expense initiatives in the mortgage business and efficiencies you're building into that, does that help the gain on sale far less than it otherwise would?
Nicole S. Stokes -- Corporate Executive Vice President and Chief Financial Officer
No, not necessarily. But that's a great question as you talk -- as you think through that. So, the thing is, with mortgage, so our gain on sale did decline from 4.34% to 3.95%. So about a 39 basis point decline. I don't know that -- I don't anticipate another 39 basis point decline by any means. But one thing that I did want to add on to that you touched on there was the expense side, and our production was actually very stable. And so, even though the production was stable and the units were stable, you saw kind of those expenses remain pretty stable, even absorbing the cyclical kind of first quarter payroll taxes, but that's really based on production. And so, when the gain on sale went down, our revenue went down, but our expenses kind of stayed the same. So, seeing that gain on sale move back up will certainly help that and then -- or stabilize or move up will help that. But then also, as production comes down, we've worked really hard in the mortgage group, they're very cognizant of their variable costs, which are about 75% to 80% of total cost. So, as the production starts falling down, as the production starts going down, that's when you'll see the shift in costs.
H. Palmer Proctor Jr. -- Chief Executive Officer
And Chris, if you look at last year's production, about 84% of last year's production was variable expense. So, the key is, as Nicole touched on, is being able to move very quickly with that. And we've got a pretty disciplined culture across the board and especially in mortgage. So as we see that tapering back, the expenses will adjust accordingly because it is -- people always tell me how scalable that business is, but the reality of it is and how quickly can you move and should you move. And it'd be prudent that that not be hasty in what you're doing. So, I think we've got a good handle on that. And as we see the production pullback, you'll see the expenses move accordingly.
Christopher Marinac -- FIG Partners -- Analyst
Sounds good. I appreciate the color on that. And then just to follow-up on the sort of outreach from your customers that you talked about, Palmer, to what extent are you seeing the account openings that you want in wealth management and new commercial business? It sounds like it is moving in the right direction. Just want to get a little more background there.
H. Palmer Proctor Jr. -- Chief Executive Officer
It is. There's a void in our market with that type of wealth initiative. And I see that as a big opportunity for our bank as we go forward. In my opinion, it can't grow fast enough because I look at the client base that we have grown, our guys [Phonetic] have done a wonderful job of doing that. We're starting to see the benefits of it in terms of the earnings and the contribution. But you know the contribution it can make, and so we've got to double down on our efforts there in terms of growing those assets under management. And right now, I think the market, due to all the disruption, and quite frankly, due to a lot of the scarcity of these types of wealth groups within banks, there are a lot of RIs outside of banks and those may present opportunities for banks as we go forward. But that's certainly an area for us that creates quite an annuity. And if you can grow it and grow it in a meaningful way, and we've done a good job of cross-selling existing customers and at the same time bringing in some meaningful business over the last 90 days, that I think will continue to grow that area. But that is certainly an area of focus for us as we go forward. And I'd like to see more growth out of it.
Christopher Marinac -- FIG Partners -- Analyst
Great. Thanks, again.
H. Palmer Proctor Jr. -- Chief Executive Officer
Okay. Thank you.
Operator
The next question is a follow-up from Brody Preston of Stephens. Please go ahead.
Brody Preston -- Stephens, Inc. -- Analyst
Hey guys, sorry to hop back on. I'm just getting question inbounds from some folks. And so, I wanted to just ask on the, if you back out the MSR write-up on mortgage each quarter, it was actually lower this quarter. And I wanted to ask, is that due to lower hedge income on the locked pipeline?
Nicole S. Stokes -- Corporate Executive Vice President and Chief Financial Officer
When you say it is lower, do you mean revenues?
Brody Preston -- Stephens, Inc. -- Analyst
Yeah.
Nicole S. Stokes -- Corporate Executive Vice President and Chief Financial Officer
Yes. No, it's actually that gain on sale dropping those 39 basis points because our production was fairly stable. Production last quarter was, I think, $2.8 billion. And production this quarter was almost $2.65 billion. So, production was fairly stable. But it was at 39 basis points of gain on sale. Gain on sale is what kind of drove that net revenue down.
Brody Preston -- Stephens, Inc. -- Analyst
Okay. And then the last one is just the PPNR of the banking division, when you look at the segments that you break out, since the LION deal sort of went through, I think it has been bouncing around in the mid-40s, up to 60s and now we're back down to $47 million or so for the core PPNR of the banking division. And so, I wanted to ask, just what are going to be some of the levers that you pull to move that PPNR for the banking division higher just because it's going to become more important as mortgage kind of normalizes in the back half of the year and into 2022?
Nicole S. Stokes -- Corporate Executive Vice President and Chief Financial Officer
Absolutely. So, that's really where you see some of the initiatives that we've talked about with the occupancy expense as far as leases. We've got some of it there. We've also got some efficiency, just movement going with really evaluating everything that we do and how we do things. After you do a big acquisition, like a Fidelity, and you kind of have your cost saves built out and you get through conversion and you go through those, and then you really start looking at everything. One other aspect in that banking division is our treasury. We've done a really good job. We've got some efficiencies going on in treasury, as well as some initiatives there to increase some treasury income. So, that has helped as well. And then, we've got a huge technology benefit. When we look at our top technology costs, about 25% of that is really forward future -- what we think about it has future benefit as far as integration, automation or delivery platform. And then another 20%, roughly of our IT -- when I say IT, I include kind of our IT and our PMO, project management office. About another 20% of that is related to efficiency projects. And so, this is really the kind of all of that coming to fruition and gaining that synergy that we have through those areas.
Brody Preston -- Stephens, Inc. -- Analyst
Got it. Thank you very much. I really appreciate it.
Nicole S. Stokes -- Corporate Executive Vice President and Chief Financial Officer
Sure.
Operator
This concludes our question-and-answer session. I would like to turn the conference back over to Palmer Proctor for any closing remarks.
H. Palmer Proctor Jr. -- Chief Executive Officer
Great. Thank you, Andrea. Once again, I want to thank everybody for listening in on our first quarter 2021 earnings results. I did want to close just by emphasizing how energized we are over here at Ameris about our future. We are clearly in some of the best markets in Southeast. And more importantly, we have the right bankers in the markets to take advantage and capture some additional market share where we are. And so, we've positioned ourselves well for the future, remain focused on producing top quartile results and strong asset quality, and continuing to focus on efficiencies and we're garnering a lot of those through our technology initiatives. We're really looking forward to the rest of 2021 and beyond. And I want to thank you again for listening in today. Thank you.
Operator
[Operator Closing Remarks]
Duration: 53 minutes
Call participants:
Nicole S. Stokes -- Corporate Executive Vice President and Chief Financial Officer
H. Palmer Proctor Jr. -- Chief Executive Officer
Casey Whitman -- Piper Sandler -- Analyst
Brady Gailey -- KBW -- Analyst
Jennifer Demba -- Truist Securities -- Analyst
Brody Preston -- Stephens, Inc. -- Analyst
David Feaster -- Raymond James -- Analyst
Christopher Marinac -- FIG Partners -- Analyst
More ABCB analysis
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The Motley Fool recommends Ameris Bancorp. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ameris Bancorp (NASDAQ: ABCB) Q1 2021 Earnings Call Apr 23, 2021, 9:00 a.m. Operator [Operator Closing Remarks] Duration: 53 minutes Call participants: Nicole S. Stokes -- Corporate Executive Vice President and Chief Financial Officer H. Palmer Proctor Jr. -- Chief Executive Officer Casey Whitman -- Piper Sandler -- Analyst Brady Gailey -- KBW -- Analyst Jennifer Demba -- Truist Securities -- Analyst Brody Preston -- Stephens, Inc. -- Analyst David Feaster -- Raymond James -- Analyst Christopher Marinac -- FIG Partners -- Analyst More ABCB analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. We've already mentioned that we reversed the $28.6 million of provision expense for the quarter due to improvement in the economy, particularly our economic forecast related to unemployment and GDP and the CRE Index. | Operator [Operator Closing Remarks] Duration: 53 minutes Call participants: Nicole S. Stokes -- Corporate Executive Vice President and Chief Financial Officer H. Palmer Proctor Jr. -- Chief Executive Officer Casey Whitman -- Piper Sandler -- Analyst Brady Gailey -- KBW -- Analyst Jennifer Demba -- Truist Securities -- Analyst Brody Preston -- Stephens, Inc. -- Analyst David Feaster -- Raymond James -- Analyst Christopher Marinac -- FIG Partners -- Analyst More ABCB analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Ameris Bancorp (NASDAQ: ABCB) Q1 2021 Earnings Call Apr 23, 2021, 9:00 a.m. Our yield on earning assets declined by 13 basis points, while our total funding cost decreased 6 basis points, but our total interest-bearing deposit costs decreased 9 basis points. | Operator [Operator Closing Remarks] Duration: 53 minutes Call participants: Nicole S. Stokes -- Corporate Executive Vice President and Chief Financial Officer H. Palmer Proctor Jr. -- Chief Executive Officer Casey Whitman -- Piper Sandler -- Analyst Brady Gailey -- KBW -- Analyst Jennifer Demba -- Truist Securities -- Analyst Brody Preston -- Stephens, Inc. -- Analyst David Feaster -- Raymond James -- Analyst Christopher Marinac -- FIG Partners -- Analyst More ABCB analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Ameris Bancorp (NASDAQ: ABCB) Q1 2021 Earnings Call Apr 23, 2021, 9:00 a.m. Non-interest income remained strong this quarter due to the continued elevated production in the mortgage division, kind of taking out the MSR noise of an impairment prior quarters and the recovery this quarter. | Operator [Operator Closing Remarks] Duration: 53 minutes Call participants: Nicole S. Stokes -- Corporate Executive Vice President and Chief Financial Officer H. Palmer Proctor Jr. -- Chief Executive Officer Casey Whitman -- Piper Sandler -- Analyst Brady Gailey -- KBW -- Analyst Jennifer Demba -- Truist Securities -- Analyst Brody Preston -- Stephens, Inc. -- Analyst David Feaster -- Raymond James -- Analyst Christopher Marinac -- FIG Partners -- Analyst More ABCB analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Ameris Bancorp (NASDAQ: ABCB) Q1 2021 Earnings Call Apr 23, 2021, 9:00 a.m. Total non-interest expense continue to decline this quarter from $151 million last quarter to $148.8 million, almost $149 million this quarter. |
27792.0 | 2021-04-10 00:00:00 UTC | These Banks Could Be Big Winners in 2021 | ABCB | https://www.nasdaq.com/articles/these-banks-could-be-big-winners-in-2021-2021-04-10 | nan | nan | When we hear about bank stocks in the news, companies like JPMorgan Chase (NYSE: JPM) and Bank of America (NYSE: BAC) tend to get the most coverage. But they aren't necessarily going to have the most to gain from the end of the COVID-19 pandemic. In this Fool Live video clip, recorded on March 29, Fool.com contributor Matt Frankel, CFP, and Industry Focus host Jason Moser discuss why investors might want to think smaller.
10 stocks we like better than Ameris Bancorp
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Jason Moser: We have been talking about this all the way into the end of 2020. Particularly as we look back and saw financials were one of the very few underperformers for the year. That was very understandable. It was also plain to see there were some potential catalysts for banks in general to start coming back around. Particularly on the interest rate side, but also as the economy gets back up and running. Like I said, it's not just the big banks. Ameris Bancorp (NASDAQ: ABCB) again, another bank that we follow here on the show, a stock I own, but a much smaller bank. I mean, it's just the small-cap when you look at it compared to something like a Wells Fargo (NYSE: WFC). But they're going to absolutely see benefits from that rising interest rate environment. They were coming from a little bit of a dark place as well, just the general market malaise, right there where it pertains to banks and they were just digesting that big Fidelity acquisition. To me, that was another stock at the time that seemed really cheap. Then you look year-to-date and Ameris Bancorp up 40% in looking at their most recent results. It does seem like they are poised for a strong year as well. Nice to see even though smaller banks bouncing back as well.
Matt Frankel: It's pretty much any bank that is primarily a lender which Ameris is definitely in that category. Like for example, Bank of America isn't just a lender. They have an investment banking division. They have a trading desk, they have a wealth management division. Wells Fargo is primarily a lender. Ameris is primarily a lender. Most smaller banks, to your point, are primarily lenders. That's really the subset of the banking industry we saw really get crushed. And who has the most to benefit from things normalizing. Janet Yellen's comments are really the first step toward banks getting back to normal.
Bank of America is an advertising partner of The Ascent, a Motley Fool company. JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. Wells Fargo is an advertising partner of The Ascent, a Motley Fool company. Jason Moser owns shares of Ameris Bancorp. Matthew Frankel, CFP owns shares of Bank of America and Wells Fargo. The Motley Fool recommends Ameris Bancorp. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Ameris Bancorp (NASDAQ: ABCB) again, another bank that we follow here on the show, a stock I own, but a much smaller bank. In this Fool Live video clip, recorded on March 29, Fool.com contributor Matt Frankel, CFP, and Industry Focus host Jason Moser discuss why investors might want to think smaller. * David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Ameris Bancorp wasn't one of them! | Ameris Bancorp (NASDAQ: ABCB) again, another bank that we follow here on the show, a stock I own, but a much smaller bank. When we hear about bank stocks in the news, companies like JPMorgan Chase (NYSE: JPM) and Bank of America (NYSE: BAC) tend to get the most coverage. Jason Moser owns shares of Ameris Bancorp. | Ameris Bancorp (NASDAQ: ABCB) again, another bank that we follow here on the show, a stock I own, but a much smaller bank. When we hear about bank stocks in the news, companies like JPMorgan Chase (NYSE: JPM) and Bank of America (NYSE: BAC) tend to get the most coverage. Bank of America is an advertising partner of The Ascent, a Motley Fool company. | Ameris Bancorp (NASDAQ: ABCB) again, another bank that we follow here on the show, a stock I own, but a much smaller bank. 10 stocks we like better than Ameris Bancorp When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Nice to see even though smaller banks bouncing back as well. |
27793.0 | 2021-03-29 00:00:00 UTC | Ameris Bancorp (ABCB) Ex-Dividend Date Scheduled for March 30, 2021 | ABCB | https://www.nasdaq.com/articles/ameris-bancorp-abcb-ex-dividend-date-scheduled-for-march-30-2021-2021-03-29 | nan | nan | Ameris Bancorp (ABCB) will begin trading ex-dividend on March 30, 2021. A cash dividend payment of $0.15 per share is scheduled to be paid on April 09, 2021. Shareholders who purchased ABCB prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 7th quarter that ABCB has paid the same dividend.
The previous trading day's last sale of ABCB was $54.94, representing a -4.96% decrease from the 52 week high of $57.81 and a 220.91% increase over the 52 week low of $17.12.
ABCB is a part of the Finance sector, which includes companies such as Bank of America Corporation (BAC) and J P Morgan Chase & Co (JPM). ABCB's current earnings per share, an indicator of a company's profitability, is $3.78. Zacks Investment Research reports ABCB's forecasted earnings growth in 2021 as -3.19%, compared to an industry average of 10.8%.
For more information on the declaration, record and payment dates, visit the ABCB Dividend History page. Our Dividend Calendar has the full list of stocks that have an ex-dividend today.
Interested in gaining exposure to ABCB through an Exchange Traded Fund [ETF]?
The following ETF(s) have ABCB as a top-10 holding:
Invesco S&P SmallCap Financials ETF (PSCF)
SPDR S&P 600 Small Cap Value ETF (based on S&P SmallCap Value (SLYV)
Vanguard S&P Small-Cap 600 Value ETF (VIOV)
iShares S&P SmallCap 600 Value ETF (IJS)
Direxion Daily Regional Banks Bull 3X Shares (DPST).
The top-performing ETF of this group is DPST with an increase of 273.46% over the last 100 days. PSCF has the highest percent weighting of ABCB at 1.44%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | ABCB is a part of the Finance sector, which includes companies such as Bank of America Corporation (BAC) and J P Morgan Chase & Co (JPM). Zacks Investment Research reports ABCB's forecasted earnings growth in 2021 as -3.19%, compared to an industry average of 10.8%. For more information on the declaration, record and payment dates, visit the ABCB Dividend History page. | Shareholders who purchased ABCB prior to the ex-dividend date are eligible for the cash dividend payment. For more information on the declaration, record and payment dates, visit the ABCB Dividend History page. Ameris Bancorp (ABCB) will begin trading ex-dividend on March 30, 2021. | Shareholders who purchased ABCB prior to the ex-dividend date are eligible for the cash dividend payment. For more information on the declaration, record and payment dates, visit the ABCB Dividend History page. The following ETF(s) have ABCB as a top-10 holding: Invesco S&P SmallCap Financials ETF (PSCF) SPDR S&P 600 Small Cap Value ETF (based on S&P SmallCap Value (SLYV) Vanguard S&P Small-Cap 600 Value ETF (VIOV) iShares S&P SmallCap 600 Value ETF (IJS) Direxion Daily Regional Banks Bull 3X Shares (DPST). | Shareholders who purchased ABCB prior to the ex-dividend date are eligible for the cash dividend payment. The following ETF(s) have ABCB as a top-10 holding: Invesco S&P SmallCap Financials ETF (PSCF) SPDR S&P 600 Small Cap Value ETF (based on S&P SmallCap Value (SLYV) Vanguard S&P Small-Cap 600 Value ETF (VIOV) iShares S&P SmallCap 600 Value ETF (IJS) Direxion Daily Regional Banks Bull 3X Shares (DPST). Ameris Bancorp (ABCB) will begin trading ex-dividend on March 30, 2021. |
27794.0 | 2021-03-26 00:00:00 UTC | Ex-Dividend Reminder: Innovative Industrial Properties, MGM Growth Properties and Ameris Bancorp | ABCB | https://www.nasdaq.com/articles/ex-dividend-reminder%3A-innovative-industrial-properties-mgm-growth-properties-and-ameris | nan | nan | Looking at the universe of stocks we cover at Dividend Channel, on 3/30/21, Innovative Industrial Properties Inc (Symbol: IIPR), MGM Growth Properties LLC (Symbol: MGP), and Ameris Bancorp (Symbol: ABCB) will all trade ex-dividend for their respective upcoming dividends. Innovative Industrial Properties Inc will pay its quarterly dividend of $1.32 on 4/15/21, MGM Growth Properties LLC will pay its quarterly dividend of $0.495 on 4/15/21, and Ameris Bancorp will pay its quarterly dividend of $0.15 on 4/9/21. As a percentage of IIPR's recent stock price of $177.63, this dividend works out to approximately 0.74%, so look for shares of Innovative Industrial Properties Inc to trade 0.74% lower — all else being equal — when IIPR shares open for trading on 3/30/21. Similarly, investors should look for MGP to open 1.51% lower in price and for ABCB to open 0.28% lower, all else being equal.
Below are dividend history charts for IIPR, MGP, and ABCB, showing historical dividends prior to the most recent ones declared.
Innovative Industrial Properties Inc (Symbol: IIPR):
MGM Growth Properties LLC (Symbol: MGP):
Ameris Bancorp (Symbol: ABCB):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 2.97% for Innovative Industrial Properties Inc, 6.04% for MGM Growth Properties LLC, and 1.12% for Ameris Bancorp.
Free Report: Top 7%+ Dividends (paid monthly)
In Friday trading, Innovative Industrial Properties Inc shares are currently down about 0.2%, MGM Growth Properties LLC shares are up about 0.6%, and Ameris Bancorp shares are up about 1.6% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Looking at the universe of stocks we cover at Dividend Channel, on 3/30/21, Innovative Industrial Properties Inc (Symbol: IIPR), MGM Growth Properties LLC (Symbol: MGP), and Ameris Bancorp (Symbol: ABCB) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for MGP to open 1.51% lower in price and for ABCB to open 0.28% lower, all else being equal. Below are dividend history charts for IIPR, MGP, and ABCB, showing historical dividends prior to the most recent ones declared. | Looking at the universe of stocks we cover at Dividend Channel, on 3/30/21, Innovative Industrial Properties Inc (Symbol: IIPR), MGM Growth Properties LLC (Symbol: MGP), and Ameris Bancorp (Symbol: ABCB) will all trade ex-dividend for their respective upcoming dividends. Innovative Industrial Properties Inc (Symbol: IIPR): MGM Growth Properties LLC (Symbol: MGP): Ameris Bancorp (Symbol: ABCB): In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for MGP to open 1.51% lower in price and for ABCB to open 0.28% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel, on 3/30/21, Innovative Industrial Properties Inc (Symbol: IIPR), MGM Growth Properties LLC (Symbol: MGP), and Ameris Bancorp (Symbol: ABCB) will all trade ex-dividend for their respective upcoming dividends. Innovative Industrial Properties Inc (Symbol: IIPR): MGM Growth Properties LLC (Symbol: MGP): Ameris Bancorp (Symbol: ABCB): In general, dividends are not always predictable, following the ups and downs of company profits over time. Similarly, investors should look for MGP to open 1.51% lower in price and for ABCB to open 0.28% lower, all else being equal. | Looking at the universe of stocks we cover at Dividend Channel, on 3/30/21, Innovative Industrial Properties Inc (Symbol: IIPR), MGM Growth Properties LLC (Symbol: MGP), and Ameris Bancorp (Symbol: ABCB) will all trade ex-dividend for their respective upcoming dividends. Similarly, investors should look for MGP to open 1.51% lower in price and for ABCB to open 0.28% lower, all else being equal. Below are dividend history charts for IIPR, MGP, and ABCB, showing historical dividends prior to the most recent ones declared. |
27795.0 | 2021-03-25 00:00:00 UTC | Why You Might Be Interested In Ameris Bancorp (NASDAQ:ABCB) For Its Upcoming Dividend | ABCB | https://www.nasdaq.com/articles/why-you-might-be-interested-in-ameris-bancorp-nasdaq%3Aabcb-for-its-upcoming-dividend-2021 | nan | nan | It looks like Ameris Bancorp (NASDAQ:ABCB) is about to go ex-dividend in the next four days. This means that investors who purchase shares on or after the 30th of March will not receive the dividend, which will be paid on the 9th of April.
Ameris Bancorp's next dividend payment will be US$0.15 per share, on the back of last year when the company paid a total of US$0.60 to shareholders. Last year's total dividend payments show that Ameris Bancorp has a trailing yield of 1.2% on the current share price of $51.65. We love seeing companies pay a dividend, but it's also important to be sure that laying the golden eggs isn't going to kill our golden goose! So we need to investigate whether Ameris Bancorp can afford its dividend, and if the dividend could grow.
Dividends are usually paid out of company profits, so if a company pays out more than it earned then its dividend is usually at greater risk of being cut. Ameris Bancorp paid out just 16% of its profit last year, which we think is conservatively low and leaves plenty of margin for unexpected circumstances.
Companies that pay out less in dividends than they earn in profits generally have more sustainable dividends. The lower the payout ratio, the more wiggle room the business has before it could be forced to cut the dividend.
Click here to see the company's payout ratio, plus analyst estimates of its future dividends.
NasdaqGS:ABCB Historic Dividend March 25th 2021
Have Earnings And Dividends Been Growing?
Companies with consistently growing earnings per share generally make the best dividend stocks, as they usually find it easier to grow dividends per share. If earnings fall far enough, the company could be forced to cut its dividend. It's encouraging to see Ameris Bancorp has grown its earnings rapidly, up 24% a year for the past five years.
Many investors will assess a company's dividend performance by evaluating how much the dividend payments have changed over time. Since the start of our data, seven years ago, Ameris Bancorp has lifted its dividend by approximately 17% a year on average. It's great to see earnings per share growing rapidly over several years, and dividends per share growing right along with it.
To Sum It Up
Is Ameris Bancorp an attractive dividend stock, or better left on the shelf? When companies are growing rapidly and retaining a majority of the profits within the business, it's usually a sign that reinvesting earnings creates more value than paying dividends to shareholders. This strategy can add significant value to shareholders over the long term - as long as it's done without issuing too many new shares. Overall, Ameris Bancorp looks like a promising dividend stock in this analysis, and we think it would be worth investigating further.
While it's tempting to invest in Ameris Bancorp for the dividends alone, you should always be mindful of the risks involved. For example - Ameris Bancorp has 2 warning signs we think you should be aware of.
We wouldn't recommend just buying the first dividend stock you see, though. Here's a list of interesting dividend stocks with a greater than 2% yield and an upcoming dividend.
This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | It looks like Ameris Bancorp (NASDAQ:ABCB) is about to go ex-dividend in the next four days. NasdaqGS:ABCB Historic Dividend March 25th 2021 Have Earnings And Dividends Been Growing? Last year's total dividend payments show that Ameris Bancorp has a trailing yield of 1.2% on the current share price of $51.65. | It looks like Ameris Bancorp (NASDAQ:ABCB) is about to go ex-dividend in the next four days. NasdaqGS:ABCB Historic Dividend March 25th 2021 Have Earnings And Dividends Been Growing? Last year's total dividend payments show that Ameris Bancorp has a trailing yield of 1.2% on the current share price of $51.65. | It looks like Ameris Bancorp (NASDAQ:ABCB) is about to go ex-dividend in the next four days. NasdaqGS:ABCB Historic Dividend March 25th 2021 Have Earnings And Dividends Been Growing? So we need to investigate whether Ameris Bancorp can afford its dividend, and if the dividend could grow. | It looks like Ameris Bancorp (NASDAQ:ABCB) is about to go ex-dividend in the next four days. NasdaqGS:ABCB Historic Dividend March 25th 2021 Have Earnings And Dividends Been Growing? Ameris Bancorp's next dividend payment will be US$0.15 per share, on the back of last year when the company paid a total of US$0.60 to shareholders. |
27796.0 | 2021-03-10 00:00:00 UTC | Bank Muscat gives initial guidance for 5-yr dollar bonds - document | ABCB | https://www.nasdaq.com/articles/bank-muscat-gives-initial-guidance-for-5-yr-dollar-bonds-document-2021-03-10 | nan | nan | (Updates with launch, size, final yield, demand)
DUBAI, March 10 (Reuters) - Bank Muscat sold $500 million in five-year bonds on Wednesday at 4.75% after receiving more than $1.6 billion in orders for the debt sale, a document showed.
It had given initial price guidance of between 5% and 5.125% for the bonds, another document also from one of the banks on the deal showed.
Bank ABC , Bank Muscat, Citi , Emirates NBD Capital , First Abu Dhabi Bank , HSBC , JPMorgan , Mizuho , MUFG and Standard Chartered arranged the deal.
(Reporting by Yousef Saba; Editing by Clarence Fernandez and Elaine Hardcastle) ((Yousef.Saba@thomsonreuters.com; +971562166204; https://twitter.com/YousefSaba)) Keywords: BANK MUSCAT BONDS/ (UPDATE 1)
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | (Updates with launch, size, final yield, demand) DUBAI, March 10 (Reuters) - Bank Muscat sold $500 million in five-year bonds on Wednesday at 4.75% after receiving more than $1.6 billion in orders for the debt sale, a document showed. It had given initial price guidance of between 5% and 5.125% for the bonds, another document also from one of the banks on the deal showed. (Reporting by Yousef Saba; Editing by Clarence Fernandez and Elaine Hardcastle) ((Yousef.Saba@thomsonreuters.com; +971562166204; https://twitter.com/YousefSaba)) Keywords: BANK MUSCAT BONDS/ (UPDATE 1) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | (Updates with launch, size, final yield, demand) DUBAI, March 10 (Reuters) - Bank Muscat sold $500 million in five-year bonds on Wednesday at 4.75% after receiving more than $1.6 billion in orders for the debt sale, a document showed. Bank ABC , Bank Muscat, Citi , Emirates NBD Capital , First Abu Dhabi Bank , HSBC , JPMorgan , Mizuho , MUFG and Standard Chartered arranged the deal. (Reporting by Yousef Saba; Editing by Clarence Fernandez and Elaine Hardcastle) ((Yousef.Saba@thomsonreuters.com; +971562166204; https://twitter.com/YousefSaba)) Keywords: BANK MUSCAT BONDS/ (UPDATE 1) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | (Updates with launch, size, final yield, demand) DUBAI, March 10 (Reuters) - Bank Muscat sold $500 million in five-year bonds on Wednesday at 4.75% after receiving more than $1.6 billion in orders for the debt sale, a document showed. Bank ABC , Bank Muscat, Citi , Emirates NBD Capital , First Abu Dhabi Bank , HSBC , JPMorgan , Mizuho , MUFG and Standard Chartered arranged the deal. (Reporting by Yousef Saba; Editing by Clarence Fernandez and Elaine Hardcastle) ((Yousef.Saba@thomsonreuters.com; +971562166204; https://twitter.com/YousefSaba)) Keywords: BANK MUSCAT BONDS/ (UPDATE 1) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | (Updates with launch, size, final yield, demand) DUBAI, March 10 (Reuters) - Bank Muscat sold $500 million in five-year bonds on Wednesday at 4.75% after receiving more than $1.6 billion in orders for the debt sale, a document showed. It had given initial price guidance of between 5% and 5.125% for the bonds, another document also from one of the banks on the deal showed. Bank ABC , Bank Muscat, Citi , Emirates NBD Capital , First Abu Dhabi Bank , HSBC , JPMorgan , Mizuho , MUFG and Standard Chartered arranged the deal. |
27797.0 | 2021-03-07 00:00:00 UTC | Validea's Top Five Financial Stocks Based On Joel Greenblatt - 3/7/2021 | ABCB | https://www.nasdaq.com/articles/valideas-top-five-financial-stocks-based-on-joel-greenblatt-3-7-2021-2021-03-07 | nan | nan | The following are the top rated Financial stocks according to Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. This value model looks for companies with high return on capital and earnings yields.
ARES COMMERCIAL REAL ESTATE CORP (ACRE) is a small-cap growth stock in the Misc. Financial Services industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Ares Commercial Real Estate Corporation is a specialty finance company. The Company is primarily engaged in originating and investing in commercial real estate (CRE) loans and related investments. The Company operates through principal lending segment. Its target investments include senior mortgage loans, subordinated debt, preferred equity, mezzanine loans and other CRE investment opportunities, including commercial mortgage-backed securities. These investments are generally held for investment and are secured, directly or indirectly, by office, multifamily, retail, industrial, lodging, senior-living, self-storage and other commercial real estate properties, or by ownership interests therein. Through the Company's manager, Ares Commercial Real Estate Management LLC, it has investment professionals located across the United States and Europe who directly source loan opportunities for the Company with owners, operators and sponsors of CRE properties.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of ARES COMMERCIAL REAL ESTATE CORP
Full Guru Analysis for ACRE>
Full Factor Report for ACRE>
ARCH CAPITAL GROUP LTD. (ACGL) is a large-cap value stock in the Insurance (Prop. & Casualty) industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Arch Capital Group Ltd. provides insurance, reinsurance and mortgage insurance. The Company provides a range of property, casualty and mortgage insurance and reinsurance lines. The Company operates in five segments: insurance, reinsurance, mortgage, other and corporate. The insurance segment's product lines include construction and national accounts; excess and surplus casualty; lenders products; professional lines; programs; property, energy, marine and aviation; travel, accident and health, and other. The reinsurance segment's product lines include casualty; marine and aviation; other specialty; property catastrophe; property excluding property catastrophe, and other. The mortgage segment includes the results of Arch Mortgage Insurance Company and Arch Mortgage Insurance Designated Activity Company, which are providers of mortgage insurance products and services to the United States and European markets. The other segment includes the results of Watford Holdings Ltd.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of ARCH CAPITAL GROUP LTD.
Full Guru Analysis for ACGL>
Full Factor Report for ACGL>
ALLEGIANCE BANCSHARES INC (ABTX) is a small-cap growth stock in the Regional Banks industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Allegiance Bancshares, Inc. is a bank holding company. Through its subsidiary, Allegiance Bank (the Bank), the Company provides a range of commercial banking services primarily to Houston metropolitan area-based small to medium-sized businesses, professionals and individual customers. In addition to banking during normal business hours, the Company offers extended drive-in hours, automated teller machines (ATMs) and banking by telephone, mail and Internet. The Company also provides debit card services, cash management services and wire transfer services, and offers night depository, direct deposits, cashier's checks, letters of credit and mobile deposits. It also offers safe deposit boxes, automated teller machines, drive-in services and round the clock depository facilities. The Company maintains an Internet banking Website that allows customers to obtain account balances and transfer funds among accounts.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of ALLEGIANCE BANCSHARES INC
Full Guru Analysis for ABTX>
Full Factor Report for ABTX>
AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Ameris Bancorp is a financial holding company. The Company's business is conducted through its banking subsidiary, Ameris Bank (the Bank), which provides a range of banking services to its retail and commercial customers. The Company operates through four segments: the Banking Division, the Retail Mortgage Division, the Warehouse Lending Division and the SBA Division. The Banking Division is engaged in the delivery of financial services, which include commercial loans, consumer loans and deposit accounts. The Retail Mortgage Division is engaged in the origination, sales and servicing of one- to four-family residential mortgage loans. The Warehouse Lending Division is engaged in the origination and servicing of warehouse lines to other businesses that are secured by underlying one- to four-family residential mortgage loans. The SBA Division is engaged in the origination, sales and servicing of small business administration (SBA) loans.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of AMERIS BANCORP
Full Guru Analysis for ABCB>
Full Factor Report for ABCB>
ALLIANCEBERNSTEIN HOLDING LP (AB) is a mid-cap value stock in the Investment Services industry. The rating according to our strategy based on Joel Greenblatt is 0% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: AllianceBernstein Holding L.P. is engaged in providing research, investment management and related services to a range of clients through its three buy-side distribution channels: Institutions, Retail and Private Wealth Management, and its sell-side business, Bernstein Research Services. The Company offers a range of investment services, including equity strategies, with global and regional portfolios across capitalization ranges and investment strategies, including value, growth and equities; traditional and unconstrained fixed income strategies, including taxable and tax-exempt strategies; passive management, including index and enhanced index strategies; alternative investments, including hedge funds, fund of funds and private equity, and multi-asset solutions and services, including dynamic asset allocation, customized target-date funds and target-risk funds. The Company's services span various investment disciplines, including market capitalization, term and geographic locations.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
Detailed Analysis of ALLIANCEBERNSTEIN HOLDING LP
Full Guru Analysis for AB>
Full Factor Report for AB>
More details on Validea's Joel Greenblatt strategy
Joel Greenblatt Stock Ideas
About Joel Greenblatt: In his 2005 bestseller The Little Book That Beats The Market, hedge fund manager Joel Greenblatt laid out a stunningly simple way to beat the market using two -- and only two -- fundamental variables. The "Magic Formula," as he called it, produced back-tested returns of 30.8 percent per year from 1988 through 2004, more than doubling the S&P 500's 12.4 percent return during that time. Greenblatt also produced exceptional returns as managing partner at Gotham Capital, a New York City-based hedge fund he founded. The firm averaged a remarkable 40 percent annualized return over more than two decades.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Detailed Analysis of ALLEGIANCE BANCSHARES INC Full Guru Analysis for ABTX> Full Factor Report for ABTX> AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. Detailed Analysis of AMERIS BANCORP Full Guru Analysis for ABCB> Full Factor Report for ABCB> ALLIANCEBERNSTEIN HOLDING LP (AB) is a mid-cap value stock in the Investment Services industry. The following are the top rated Financial stocks according to Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. | Detailed Analysis of ALLEGIANCE BANCSHARES INC Full Guru Analysis for ABTX> Full Factor Report for ABTX> AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. Detailed Analysis of AMERIS BANCORP Full Guru Analysis for ABCB> Full Factor Report for ABCB> ALLIANCEBERNSTEIN HOLDING LP (AB) is a mid-cap value stock in the Investment Services industry. Detailed Analysis of ARES COMMERCIAL REAL ESTATE CORP Full Guru Analysis for ACRE> Full Factor Report for ACRE> ARCH CAPITAL GROUP LTD. (ACGL) is a large-cap value stock in the Insurance (Prop. | Detailed Analysis of ALLEGIANCE BANCSHARES INC Full Guru Analysis for ABTX> Full Factor Report for ABTX> AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. Detailed Analysis of AMERIS BANCORP Full Guru Analysis for ABCB> Full Factor Report for ABCB> ALLIANCEBERNSTEIN HOLDING LP (AB) is a mid-cap value stock in the Investment Services industry. The mortgage segment includes the results of Arch Mortgage Insurance Company and Arch Mortgage Insurance Designated Activity Company, which are providers of mortgage insurance products and services to the United States and European markets. | Detailed Analysis of ALLEGIANCE BANCSHARES INC Full Guru Analysis for ABTX> Full Factor Report for ABTX> AMERIS BANCORP (ABCB) is a mid-cap value stock in the Regional Banks industry. Detailed Analysis of AMERIS BANCORP Full Guru Analysis for ABCB> Full Factor Report for ABCB> ALLIANCEBERNSTEIN HOLDING LP (AB) is a mid-cap value stock in the Investment Services industry. The following are the top rated Financial stocks according to Validea's Earnings Yield Investor model based on the published strategy of Joel Greenblatt. |
27798.0 | 2021-03-03 00:00:00 UTC | Emirate of Sharjah expected to raise around $1 bln via bonds - document | ABCB | https://www.nasdaq.com/articles/emirate-of-sharjah-expected-to-raise-around-%241-bln-via-bonds-document-2021-03-03 | nan | nan | Adds expected size, revised guidance, demand
DUBAI, March 3 (Reuters) - The Emirate of Sharjah is expected to raise around $1 billion on Wednesday in a two-tranche bond issue of 12 and 30-year paper, a document from one of the banks arranging the deal showed.
It tightened guidance to between 3.625% and 3.75% for the 12-year notes and 4.75% to 4.875% for the 30-year tranche, the document showed.
Sharjah received more than $2.25 billion in orders for the debt sale, with a small skew toward the 12-year tranche, the document showed.
Initial price guidance was around 3.875% for the 12-year bonds and between 4.875% and 5% for the 30-year paper.
Bank ABC ABCB.BH, Citi C.N, Emirates NBD Capital ENBD.DU, HSBC HSBA.L, Mashreq MASB.DU and Standard Chartered STAN.L are arranging the deal, which is expected to close later on Wednesday.
(Reporting by Yousef Saba. Editing by Toby Chopra and Mark Potter)
((Yousef.Saba@thomsonreuters.com; +971562166204; https://twitter.com/YousefSaba))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Bank ABC ABCB.BH, Citi C.N, Emirates NBD Capital ENBD.DU, HSBC HSBA.L, Mashreq MASB.DU and Standard Chartered STAN.L are arranging the deal, which is expected to close later on Wednesday. Adds expected size, revised guidance, demand DUBAI, March 3 (Reuters) - The Emirate of Sharjah is expected to raise around $1 billion on Wednesday in a two-tranche bond issue of 12 and 30-year paper, a document from one of the banks arranging the deal showed. Sharjah received more than $2.25 billion in orders for the debt sale, with a small skew toward the 12-year tranche, the document showed. | Bank ABC ABCB.BH, Citi C.N, Emirates NBD Capital ENBD.DU, HSBC HSBA.L, Mashreq MASB.DU and Standard Chartered STAN.L are arranging the deal, which is expected to close later on Wednesday. Adds expected size, revised guidance, demand DUBAI, March 3 (Reuters) - The Emirate of Sharjah is expected to raise around $1 billion on Wednesday in a two-tranche bond issue of 12 and 30-year paper, a document from one of the banks arranging the deal showed. It tightened guidance to between 3.625% and 3.75% for the 12-year notes and 4.75% to 4.875% for the 30-year tranche, the document showed. | Bank ABC ABCB.BH, Citi C.N, Emirates NBD Capital ENBD.DU, HSBC HSBA.L, Mashreq MASB.DU and Standard Chartered STAN.L are arranging the deal, which is expected to close later on Wednesday. Adds expected size, revised guidance, demand DUBAI, March 3 (Reuters) - The Emirate of Sharjah is expected to raise around $1 billion on Wednesday in a two-tranche bond issue of 12 and 30-year paper, a document from one of the banks arranging the deal showed. (Reporting by Yousef Saba. | Bank ABC ABCB.BH, Citi C.N, Emirates NBD Capital ENBD.DU, HSBC HSBA.L, Mashreq MASB.DU and Standard Chartered STAN.L are arranging the deal, which is expected to close later on Wednesday. Adds expected size, revised guidance, demand DUBAI, March 3 (Reuters) - The Emirate of Sharjah is expected to raise around $1 billion on Wednesday in a two-tranche bond issue of 12 and 30-year paper, a document from one of the banks arranging the deal showed. Sharjah received more than $2.25 billion in orders for the debt sale, with a small skew toward the 12-year tranche, the document showed. |
27799.0 | 2021-03-03 00:00:00 UTC | A High-Potential Basket of Small Bank Stocks | ABCB | https://www.nasdaq.com/articles/a-high-potential-basket-of-small-bank-stocks-2021-03-03 | nan | nan | The mega banks can make excellent investments, but if you're looking for tons of growth potential, you'll probably have to think smaller. Fortunately, there are some excellent small-cap bank stocks with lots of room to grow. In this Fool Live video clip, recorded on Feb. 22, Fool.com contributor Matt Frankel, CFP, and Industry Focus host Jason Moser give viewers a basket of exciting small-cap bank stocks to consider.
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Matt Frankel: "How about your best small and regional financials basket with a 10-to-15-year timeline, Jay Mo and Matt?" We don't have any joint baskets yet.
Jason Moser: Joint baskets? You mean like...
Frankel: Where I make two and you make two picks.
Moser: Yeah. But we had talked about that. Remember I fired that tweet off the other day where I said, how about we come up, we could devote a whole month, if we wanted, to putting together the "war on cash" basket part deux. Basically, I've been talking about that "war on cash" basket that we talked about forever, MasterCard (NYSE: MA), Visa (NYSE: V), PayPal (NASDAQ: PYPL), and Square (NYSE: SQ), coming up with a second war on cash basket that consists of other companies, those four companies in the first one can't be in the second one. If we were going to build the second one, who would we put in it? Maybe that would be something, that's a joint basket that we could definitely focused on putting together on war on cash part deux.
Frankel: For small and regional financials, I'd have to imagine that one of yours would be Ameris (NASDAQ: ABCB).
Moser: Yeah, more than likely.
Frankel: What's the other one?
Moser: Probably, Live Oak Bank (NASDAQ: LOB), too.
Frankel: Yeah, I would put that in there, so Ameris, Live Oak Bank. I might include Axos (NYSE: AX) in mine, AX. I would probably put that one in, and as far as the fourth smaller regional financial.
Moser: You know what, I haven't checked on lately. Remember we spoke with the CEO from that bank, Amalgamated.
Frankel: Yeah, that was a good one. I'd have to say Green Dot (NYSE: GDOT) could be included because they're technically a bank, they have a banking charter. I'd put that in a small-bank basket.
Moser: There you go.
Jason Moser owns shares of Ameris Bancorp, Mastercard, PayPal Holdings, Square, and Visa. Matthew Frankel, CFP owns shares of Green Dot and Square and has the following options: short September 2022 $155 calls on Square. The Motley Fool owns shares of and recommends Axos Financial, Live Oak Bancshares, Mastercard, PayPal Holdings, Square, and Visa. The Motley Fool recommends Ameris Bancorp and Green Dot and recommends the following options: long January 2022 $75 calls on PayPal Holdings. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Frankel: For small and regional financials, I'd have to imagine that one of yours would be Ameris (NASDAQ: ABCB). In this Fool Live video clip, recorded on Feb. 22, Fool.com contributor Matt Frankel, CFP, and Industry Focus host Jason Moser give viewers a basket of exciting small-cap bank stocks to consider. Remember I fired that tweet off the other day where I said, how about we come up, we could devote a whole month, if we wanted, to putting together the "war on cash" basket part deux. | Frankel: For small and regional financials, I'd have to imagine that one of yours would be Ameris (NASDAQ: ABCB). Jason Moser owns shares of Ameris Bancorp, Mastercard, PayPal Holdings, Square, and Visa. The Motley Fool owns shares of and recommends Axos Financial, Live Oak Bancshares, Mastercard, PayPal Holdings, Square, and Visa. | Frankel: For small and regional financials, I'd have to imagine that one of yours would be Ameris (NASDAQ: ABCB). In this Fool Live video clip, recorded on Feb. 22, Fool.com contributor Matt Frankel, CFP, and Industry Focus host Jason Moser give viewers a basket of exciting small-cap bank stocks to consider. See the 10 stocks *Stock Advisor returns as of February 24, 2021 Matt Frankel: "How about your best small and regional financials basket with a 10-to-15-year timeline, Jay Mo and Matt?" | Frankel: For small and regional financials, I'd have to imagine that one of yours would be Ameris (NASDAQ: ABCB). Basically, I've been talking about that "war on cash" basket that we talked about forever, MasterCard (NYSE: MA), Visa (NYSE: V), PayPal (NASDAQ: PYPL), and Square (NYSE: SQ), coming up with a second war on cash basket that consists of other companies, those four companies in the first one can't be in the second one. Frankel: Yeah, I would put that in there, so Ameris, Live Oak Bank. |
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